Bitcoin Target Locked: Metaplanet Eyes 10,000 BTC This Year
January 06 2025 - 6:00PM
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Metaplanet ushers in the new year with a bullish sentiment on
Bitcoin and blockchain technology. After announcing late last year
that it had purchased ¥1 billion worth of Bitcoins, the Japanese
company is making headlines again by announcing its plans to
increase its holdings to 10,000 Bitcoins. Related Reading: Dogecoin
To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why
Metaplanet’s decision to double down on the world’s top digital
asset comes during favorable political and economic conditions,
with analysts expecting that Bitcoin may hit $200k soon. Currently,
Metaplanet boasts 1,762 Bitcoins, worth $173.4 million, and is one
of the top companies following MicroStrategy’s Bitcoin investing
playbook. CEO Announces Target Of 10k Bitcoins CEO Simon Gerovich
shared the company’s latest investment plan in a New Year post for
shareholders. In a Twitter/X post last January 5th, Gerovick
acknowledged the company’s exceptional performance, where it
expanded its Bitcoin holdings and solidified its standing as the
region’s biggest holder of digital assets. In the lengthy message,
he reiterated the company’s commitment to the asset and boosting
shareholder value. Happy New Year to Our Valued Shareholders! As we
step into 2025, I couldn’t be more excited about what lies ahead
for Metaplanet. Last year was transformational, as we broke
records, expanded our Bitcoin treasury, and reinforced our position
as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ —
Simon Gerovich (@gerovich) January 5, 2025 Gerovick announced at
least four targets for Metaplanet this year. The company’s primary
target is to expand its BTC holdings to 10k Bitcoin. In addition,
Metaplanet also plans to boost transparency, leverage partnerships
to promote Bitcoin adoption and explore other innovative
opportunities that can grow the company’s influence in the Bitcoin
and blockchain niche. Investing Plans Come At A Time Of Favorable
Conditions The Japanese company’s aggressive moves into the crypto
space come during favorable market conditions and better price
prospects. Both Bitwise and VanEck predict that Bitcoin will trade
anywhere from $180k to $200k this year. They believe that the top
digital asset can trade at higher price points if the US government
approves the plan to adopt the strategic digital asset reserve.
Other analysts are offering bolder price predictions for Bitcoin
and potentially better performance from altcoins thanks to a second
Trump administration. According to Gerovich, if the US government
pushes with the Bitcoin strategic reserves, then others can follow
suit. Metaplanet’s CEO added that Japan is one of the first
countries to follow, and other Asian countries will implement the
same initiative. Related Reading: Galaxy Digital Reveals Bold
Dogecoin Price Prediction For 2025 Starting A Movement In the same
post, Gerovich describes the company’s initiative as a “movement”
anchored on its commitment to excellence. He then teases his
followers, saying that 2025 will be another breakout year for
Metaplanet in terms of innovation, progress, and success.
Metaplanet’s Bitcoin holdings are currently the biggest in Asia and
15th among global public companies. The company first started
investing in Bitcoin last year, as Bitcoin surged considerably due
to increased institutional adoption. Featured image from Pixabay,
chart from TradingView
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