Metaplanet official site
Bitcoin has proven to live up to expectations by surpassing the long-awaited price of $100,000 dollars. This has impacted many enthusiasts, but it has also managed to pique the curiosity of more people who, up until now, were not aware of what this milestone meant for the world's leading cryptocurrency.
It is clear that Bitcoin's recent growth has accelerated following the introduction of ETFs. In other words, by creating new investment mechanisms, a greater flow of capital is allowed, while also enabling more people and significant institutions to access Bitcoin. Furthermore, considering that new users are beginning to acquire Bitcoin, we could see a rise in transaction volume, which would have an impact on BTC's price in the market.
Erling Løken Andersen | Unsplash
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Recently, there has been increasing investment from countries or institutions that in some way represent the direction the country is taking regarding investments. Leaders like Nayib Bukele have shown a strong commitment to increasing Bitcoin reserves over time, aiming to achieve substantial profits. This indicates that Bitcoin adoption is occurring on a large scale, meaning that more countries will increasingly consider Bitcoin for purposes of accumulation or soon incorporation into the market.
If there are investment firms making significant strides in this direction, we can mention Metaplanet. Based in Tokyo, this firm made a regulatory filing on December 23, detailing the possession of 1,761.98 BTC, equivalent to a total value of $179.4 million at this precise moment.
In order to achieve proper accumulation, a series of regular purchases will need to be made. In fact, last year the firm made 19 purchases, averaging $75,000 dollars each. The most recent purchase represented a 35% increase over previous purchases, indicating a substantial shift in the way Bitcoin is acquired. This latest purchase was for nearly 620 BTC, approximately around $63 million dollars.
This firm is very mindful of Bitcoin's growth potential, but also has a solid strategy in mind to expand its portfolio. Apparently, Bitcoin acquisitions have outpaced total shares, estimated to have increased by 310% in the last quarter of 2024. Among other strategies is increasing the price of their shares in trading, aiming to meet minimum requirements. Additionally, the rights offering that was launched allowed shares to rise to $63.7 million dollars. We should also mention the sale of bonds for $60.3 million dollars, representing a wise move in fundraising.
According to Simon Gerovich, Metaplanet's fundamental idea is to use tools that will allow them to exponentially increase their Bitcoin holdings, such as relying on capital market instruments. Among the plans for this year is to increase BTC holdings by 470%, which would entail reaching the goal of holding 10,000 BTC. These and other strategies are what the firm has devised and is implementing.
It is likely that if more countries begin adopting Bitcoin, there will be new institutions willing to direct their investments towards acquiring and incrementally accumulating Bitcoin.
Metaplanet has already formalized its Bitcoin treasury operations, as well as presented its capital market plans and strategies to the Tokyo Stock Exchange, formally and legally setting out which operations will be carried out throughout the year. This is undoubtedly a move of great importance, which in the long run, will bear fruit. There are predictions from VanEck and Bitwise, framing a price of BTC per unit, at a value between $180,000 and $200,000 dollars for this brand new year 2025.
CoinGecko (Bitcoin) | TradingView
Bitcoin is currently experiencing a new momentum, regaining the $100,000 dollar mark, after having been below $92,000 dollars. Is there anything more to say about the potential that BTC has for the future? I think not, but we will have to see how this market develops and what new markets and institutions plan to invest in it.
- I have consulted information at decrypt.co.
- Translated from Spanish to English with Hive Translator.
Posted Using InLeo Alpha
Metaplanet is making a positive move and if they can succeed that 10K bitcoin holding it will be good for them. Looking at the market, bitcoin is likely to double up in price anytime sooner. We should even consider where this asset will stand in the next four years. Is 500K to 1million impossible? The US reserve alone can trigger this price
I would think more about reaching 200K first! A lot of things have to happen for that much money to enter the market and for it to be with the motive of buying BTC. Also, it has to allow it to be sustainable over time, because when they sell, the price will drop drastically.
the 'lot of things' is gradually surface. Yes as you said, a sustainable use case is mandatory. As for bitcoin, I feel it's mostly the virtual gold
Only time can tell what btc has for investors, good or bad i think they have to adapt
Definitely! Bitcoin will be impossible to stop. Investors could take advantage of this bullish season towards the next high, where they will be able to take big profits, or continue to believe in something of bigger dimensions.
Yahh exactly people often join the moving train
Wonderful creation! 🎨