MicroStrategy and Metaplanet Aim to Acquire Billions in Bitcoin as BTC Approaches $100K
Two major companies plan to purchase a significant amount of Bitcoin, with aspirations to enhance their holdings as BTC reaches a pivotal price point.
What to Know:
- Bitcoin development firm MicroStrategy plans to raise up to $2 billion through preferred stock offerings to fund more Bitcoin purchases in Q1 2025.
- In Japan, investment firm Metaplanet aims to acquire 10,000 bitcoin.
- MicroStrategy is expected to announce additional Bitcoin purchases soon.
Two leading corporate holders of Bitcoin (BTC) are looking to further increase their holdings.
According to recent tweets, MicroStrategy (MSTR) plans to raise up to $2 billion via preferred stock offerings for excess Bitcoin purchasing in the initial quarter of 2025. Meanwhile, investment firm Metaplanet from Japan announced intentions to buy 10,000 Bitcoin, accounting for nearly a billion dollars at current market prices.
“In 2025, we aim to expand our Bitcoin holdings to 10,000 BTC by leveraging the most effective capital market tools available to us,” said Simon Gerovich, CEO of Metaplanet, in a post on X.
“We strive to enhance our partnerships to promote Bitcoin adoption in Japan and globally, while exploring innovative opportunities to maximize Metaplanet's impact in both Japan and the Bitcoin ecosystem.”
Happy New Year to Our Valued Shareholders! As we usher into 2025, I couldn't be more thrilled about what's in store for Metaplanet. Last year was groundbreaking, as we set new records, increased our Bitcoin treasury, and solidified our position as Asia’s leading Bitcoin Treasury… — Simon Gerovich [link to tweet]
Metaplanet, often referred to as 'Japan’s MicroStrategy' for its unique strategy as a corporate Bitcoin holder in Asia, currently holds $175 million worth of BTC and has a market capitalization of $830 million.
On the flip side, MicroStrategy is reported to possess $44 billion in Bitcoin. The upcoming capital raise is part of its extended “21/21 Plan,” which aims to accumulate $21 billion in equity and an equal sum in fixed-income instruments over three years.
Michael Saylor, co-founder and board member, has hinted at impending Bitcoin purchases through a teaser post featuring a popular tracking graph.
Something about [this link] is not quite right. — Michael Saylor [link to tweet]
BTC is currently trading above $99,700 in the Asian morning hours, moving closer to breaking the $100,000 mark.
