Bitcoin Target Locked: Metaplanet Eyes 10,000 BTC This Year

Christian Encila

6 months ago

3 mins read

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Metaplanet ushers in the new year with a bullish sentiment on Bitcoin and blockchain technology.

After announcing late last year that it had purchased ¥1 billion worth of Bitcoins, the Japanese company is making headlines again by announcing its plans to increase its holdings to 10,000 Bitcoins.

Metaplanet’s decision to double down on the world’s top digital asset comes during favorable political and economic conditions, with analysts expecting that Bitcoin may hit $200k soon.

Currently, Metaplanet boasts 1,762 Bitcoins, worth $173.4 million, and is one of the top companies following MicroStrategy’s Bitcoin investing playbook.

CEO Announces Target Of 10k Bitcoins

CEO Simon Gerovich shared the company’s latest investment plan in a New Year post for shareholders. In a Twitter/X post last January 5th, Gerovick acknowledged the company’s exceptional performance, where it expanded its Bitcoin holdings and solidified its standing as the region’s biggest holder of digital assets. In the lengthy message, he reiterated the company’s commitment to the asset and boosting shareholder value.

Happy New Year to Our Valued Shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ

— Simon Gerovich (@gerovich) January 5, 2025

Gerovick announced at least four targets for Metaplanet this year. The company’s primary target is to expand its BTC holdings to 10k Bitcoin. In addition, Metaplanet also plans to boost transparency, leverage partnerships to promote Bitcoin adoption and explore other innovative opportunities that can grow the company’s influence in the Bitcoin and blockchain niche.

Investing Plans Come At A Time Of Favorable Conditions

The Japanese company’s aggressive moves into the crypto space come during favorable market conditions and better price prospects. Both Bitwise and VanEck predict that Bitcoin will trade anywhere from $180k to $200k this year. They believe that the top digital asset can trade at higher price points if the US government approves the plan to adopt the strategic digital asset reserve.

BTC market cap currently at $1.9 trillion. Chart: TradingView

Other analysts are offering bolder price predictions for Bitcoin and potentially better performance from altcoins thanks to a second Trump administration.

According to Gerovich, if the US government pushes with the Bitcoin strategic reserves, then others can follow suit. Metaplanet’s CEO added that Japan is one of the first countries to follow, and other Asian countries will implement the same initiative.

Starting A Movement

In the same post, Gerovich describes the company’s initiative as a “movement” anchored on its commitment to excellence. He then teases his followers, saying that 2025 will be another breakout year for Metaplanet in terms of innovation, progress, and success.

Metaplanet’s Bitcoin holdings are currently the biggest in Asia and 15th among global public companies. The company first started investing in Bitcoin last year, as Bitcoin surged considerably due to increased institutional adoption.

Featured image from Pixabay, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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