Metaplanet Aims for 10,000 BTC by 2025 Amid Bullish Projections

Metaplanet, the largest corporate Bitcoin holder in Asia, plans to expand its Bitcoin holdings from 1,762 BTC to 10,000 BTC by 2025, acquiring loans, equity, and convertible bonds. CEO Simon Gerovich unveiled the strategy on January 5, aligning with bullish predictions about Bitcoin reaching $200,000 under a potentially crypto-friendly US administration. Inspired by the MicroStrategy playbook, the company aims to promote Bitcoin adoption globally and in Japan. Metaplanet's latest purchase of 619.7 BTC reflects its aggressive approach, with its shares already up 27.5% since April 2024. Analysts see this as an important move amid Bitcoin's bull run that could be there.