Japanese Investment Firm Metaplanet Increases Its Bitcoin Holdings to 3,200 BTC
Date: 2025-03-19 Author: Oliver Abernathy Categories: BUSINESS
The company's CEO Simon Gerovich noted that the acquisition significantly strengthened Metaplanet's financial position, adding that the company was inspired by the strategy of the American firm Strategy, choosing Bitcoin as its main reserve asset.
Since the introduction of the "Bitcoin standard" in April 2024, the company has been actively increasing the amount of Bitcoin in its portfolio, acquiring them at an average price of $82,100 per coin. As of March 18, 2025, this strategy has generated a return of 60.8% year-to-date, allowing Metaplanet to enter the top ten largest public Bitcoin holders in the world. The company's market cap has grown by 7,000% over the past year, and the number of its shareholders has exceeded 50,000 people.
Gerovich also shared ambitious plans for the future, stating that Metaplanet plans to increase its Bitcoin portfolio to 10,000 coins by the end of 2025, and reach 21,000 BTC by 2026. To do this, the company intends to raise about $750 million through the sale of 21 million shares, which will be the largest capital offering for the purchase of Bitcoin in Asia. In addition, Metaplanet is considering listing on American exchanges such as NYSE and Nasdaq to provide its shareholders with access to investments on a global level.
It is worth noting that Strategy, founded by Michael Saylor, is also actively increasing its Bitcoin assets. At the moment, its portfolio contains 499,226 Bitcoins, which is about 2.52% of the total supply of this cryptocurrency. In total, the company spent $33.1 billion to acquire bitcoins, buying them at an average price of $66,360 per coin.
