Metaplanet eyes upping Bitcoin holdings to 10K BTC in 2025

January 5, 2025 Coin Telegraph

Metaplanet holds 1,762 Bitcoin and wants to increase its stash by 467% to hold 10,000 in total.

Metaplanet is aiming to expand its Bitcoin stash more than fivefold to 10,000 Bitcoin in 2025, as analysts predict a bull run this year that could see Bitcoin rise above $200,000.

The Japan-based venture capital firm was one of the most notable companies to follow MicroStrategy’s Bitcoin investment playbook in 2024 and currently holds 1,762 Bitcoin (BTC) worth $173.4 million from 19 purchases.

Metaplanet CEO Simon Gerovich said in a Jan. 5 X post that its aim this year is to increase its holdings to 10,000 BTC “by utilizing the most accretive capital market tools available to us.”

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Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC

September 11, 2024 Coin Telegraph

Bitcoin Investment Strategy

Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.

Japanese investment firm Metaplanet has purchased more Bitcoin, bringing its stack to nearly 400 Bitcoin and sending its share price on a 5.9% rally on the Tokyo Stock Exchange.

The firm said on Sept. 10 that it purchased 38.46 Bitcoin (BTC) for $2.1 million (300 million Japanese yen) bringing its total stash to 398.8 Bitcoin — worth $23 million.

It’s Metaplanet’s tenth Bitcoin purchase since its first on April 23, according to Bitcoin Treasuries data.

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Metaplanet secures 1B yen loan to buy more Bitcoin

August 8, 2024 Coin Telegraph

Bitcoin 2024 conference

Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin.

Japanese investment firm Metaplanet has just resolved to secure a $6.8 million loan (1 billion Japanese yen) from one of its shareholders to buy more Bitcoin.

The loan from MMXX Ventures — a Metaplanet shareholder — has a 0.1% interest rate per annum and a six-month term starting on Aug. 8. The company revealed in a statement that it will be paid back in a lump sum.

If approximately 100% of the $6.8 million of the loan went toward Bitcoin, the firm would be able to buy an additional 118.5 Bitcoin (BTC) at current market prices.

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Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say

July 26, 2024 Coin Telegraph

Bitcoin conference

Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.

Executives at Metaplanet and Semler Scientific say MicroStrategy’s Bitcoin playbook inspired them to follow suit and emerge from “zombie” status this y— while their share prices have soared.

“We were hearing Michael Saylor talk about zombie companies, and we realized we were probably one of those companies because we were not getting any love in the stock market, our stock was not performing well, and we were still very cash-rich,” Semler Scientific’s chairman Eric Semsler explained at the Bitcoin Conference in Nashville on July 25.

Zombie companies earn just enough to continue operating and service debts but have no excess capital to spur growth and are often close to insolvency.

Simon Gerovich

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