Join Our Telegram channel to stay up to date on breaking news coverage
Japan-based venture capital firm Metaplanet plans to grow its Bitcoin holdings by more than fivefold to 10,000 in 2025 as asset managers predict BTC could soar to as high as $200,000.
In a Jan. 5 post on X, Metaplanet CEO Simon Gerovich said the company will utilize the “most accretive capital market tools available” to the firm to grow its holdings in the largest crypto by market cap.
Metaplanet To Advocate For Bitcoin Adoption
In addition to growing its Bitcoin holdings, Gerovich also said that the company aims to advance the adoption of BTC in Japan and the rest of the globe. “We’re not just building a company but driving a movement,” he said. This comes after the company took a page from MicroStrategy’s Bitcoin investment playbook in 2024.
Metaplanet currently holds 1,762 BTC, making the firm the 15th largest Bitcoin holder, according to data from BitcoinTreasuries. With the crypto trading at $99,700.97 as of 1:43 a.m. EST, the company’s holdings are worth more than $175.6 million.
Asset Managers Predict BTC Will Soar To As High As $200,000 In 2025
Metaplanet’s intention to buy more BTC comes amid a series of bullish predictions for the crypto king from leading asset managers, including VanEck and Bitwise. Both predict that BTC might reach between $180,000 and $200,000 this year, with the potential to soar even higher if the US forms a strategic Bitcoin reserve.
Should the Donald Trump administration form a strategic BTC reserve to help combat the nation’s ballooning debt, it could “trigger a global domino effect,” Gerovich said at Michael Saylor’s Bitcoin New Years Eve party in Florida.
🇺🇸 The U.S. adopting a Bitcoin Strategic Reserve could trigger a global domino effect. As game theory kicks in, nation-states will race to accumulate Bitcoin, knowing the last to act will pay the highest price. Fixed supply. Infinite demand. https://t.co/hoFsbW8jvv
— Simon Gerovich (@gerovich) January 2, 2025
The Metaplanet CEO believes that other countries could follow suit. One such country will be Japan, who currently “look to the US as their big brother,” he said. Many other Asian countries might then “start to do the same,” Gerovich added.
Related Articles:
- Wall Street Pepe Presale Explodes Past $40 Million Milestone
- Morgan Stanley Mulls Crypto Trading Launch On E-Trade Platform
- Top Crypto Picks with Potential for 10x Returns in 2025
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage