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Metaplanet is starting the new year with bullish sentiment on Bitcoin and blockchain technology.
After announcing late last year that it had purchased 1 billion yen worth of bitcoins, the Japanese company made headlines again by announcing its plans to increase its holdings to 10,000 bitcoins.
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Metaplanet’s decision to double the world’s most important digital asset comes during favorable political and economic conditions, with analysts predicting that Bitcoin may reach its peak. 200 thousand dollars soon
Currently, Metaplanet holds 1,762 Bitcoins, worth $173.4 million, and is one of the top companies following MicroStrategy’s Bitcoin investing playbook.
The CEO announces a goal of 10 thousand Bitcoin
CEO Simon Jerovic shared the company’s latest investment plan in a New Year’s post to shareholders. In a post on Twitter/X on January 5, Jerovic acknowledged the company’s exceptional performance, as it expanded its Bitcoin holdings and consolidated its position as the largest holder of the digital asset in the region. In his lengthy message, he emphasized the company’s commitment to assets and enhancing shareholder value.
Happy New Year to our valued shareholders! As we enter 2025, I couldn’t be more excited about what lies ahead at Metaplanet. Last year was transformative, as we broke records, expanded our Bitcoin treasury, and cemented our position as the leading Bitcoin treasury company in Asia… pic.twitter.com/K2HsOS8TaZ
– Simon Jerovich (@Jerovich) January 5, 2025
Jerovic has announced at least four goals for Metaplanet this year. The company’s primary goal is to expand its Bitcoin holdings to 10 thousand BTC. In addition, Metaplanet also plans to enhance transparency, leverage partnerships to boost Bitcoin adoption and explore other innovative opportunities that can increase the company’s influence in the world. Bitcoin And the blockchain niche.
Investment plans come at a time when conditions are favorable
The Japanese company’s aggressive moves in the cryptocurrency space come during favorable market conditions and better price prospects. Both Bitwise and VanEck expect Bitcoin to trade anywhere from $180,000 to $200,000 this year. They believe that better digital assets could trade at higher price points if the US government approves the Strategic Digital Asset Reserve Certification Plan.
Other analysts are offering bolder predictions for Bitcoin prices and perhaps better performance than altcoins thanks to a second Trump administration.
According to Gerovich, if the US government goes ahead with… Bitcoin strategic reservesThen others can follow suit. The Metaplanet CEO added that Japan is one of the first countries to follow suit, and other Asian countries will implement the same initiative.
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Start movement
In the same post, Jerovich describes the company’s initiative as a “movement” based on its commitment to excellence. He then teases his followers that 2025 will be another banner year for Metaplanet in terms of innovation, progress, and success.
Metaplanet’s Bitcoin holdings are currently the largest in Asia and 15th among global public companies. The company first began investing in Bitcoin last year, under the name Bitcoin rose Largely due to increased institutional adoption.
Featured image from Pixabay, chart from TradingView