Metaplanet Aims to Hold 10,000 BTC by 2025, Stock Soars 15-Fold
Japanese tech giant Metaplanet is making waves in the crypto world, aiming to hold 10,000 BTC by the end of 2025. The company, led by CEO Simon Gerovich, has seen its stock price soar over 15-fold since adopting an aggressive Bitcoin-focused strategy.
Metaplanet's recent acquisition of 1,004 BTC, at an average price of JP¥15,134,304 ($104,180) per Bitcoin, valued at approximately $104 million, is part of its ambitious plan. This purchase brings its total Bitcoin holdings to 7,800 BTC, currently valued at over $800 million, making it the 10th largest public company in terms of Bitcoin holdings.
The company's Bitcoin-focused strategy is paying off. In Q1 FY2025, Metaplanet's revenues were $6 million, with 88% attributed to Bitcoin options trading. This resulted in a BTC yield of 170% and a BTC gain of 2,996 BTC. Following its recent acquisition, Metaplanet's stock price (3350.T) surged to a three-month high, appreciating by 12.6% and trading at 684 yen ($4.72). Over the past month, Metaplanet's stock value has increased by 101.7%, driven by Bitcoin's rally and the company's strategy.
Metaplanet, mirroring MicroStrategy's strategy, is rapidly accumulating Bitcoin. It funds its Bitcoin purchases through the issuance of zero-coupon ordinary bonds, with a total investment of approximately $712.5 million and an average historical purchase price of 13.5 million yen (roughly $91,343) per BTC. With a goal of holding 210,000 Bitcoin by the end of 2027, Metaplanet is a force to be reckoned with in the crypto market.
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