Two of the largest corporate bitcoin (BTC) holders plan to continue adding more BTC to their already large coffers.
Per a tweet over the weekend, Bitcoin development firm MicroStrategy (MSTR) plans to raise up to $2 billion through preferred stock offerings to increase bitcoin purchases in the first quarter of 2025.
Elsewhere in Japan, investment company Metaplanet said it aims to buy 10,000 bitcoins (worth about a billion dollars at current prices), during the year, along with several activities to increase the overall use of bitcoin.
“By 2025, we aim to expand our Bitcoin holdings to 10,000 BTC by using the most accretive capital market tools available to us, CEO Simon Gerovich said in an X post.
“Use our partnerships to promote Bitcoin adoption in Japan and around the world. Explore innovative opportunities to grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”
Happy New Year to Our Valued Shareholders! As we head into 2025, I couldn’t be more excited about the future for Metaplanet. The past year has been transformational, as we have broken records, expanded our Bitcoin treasury, and strengthened our position as the leading Bitcoin Treasury in Asia… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
The firm — colloquially called the MicroStrategy of Japan for being the only corporate bitcoin holder in Asia — sits on The cost is $175 million of BTC on Monday and has a stock market capitalization of $830 million.
Meanwhile, MicroStrategy was sitting on $44 billion worth of bitcoin on Monday and the $2 billion capital raise is said to be in continuation of its previously announced “21/21 Plan,” a capital plan to raise $21 billion in equity and $21 billion of fixed-income instruments over the next three years, every single release.
As such, co-founder and board member Michael Saylor teased a bitcoin purchase on Monday in an X post on Sunday with a photo of SaylorTracker, a viral graph that tracks the firm’s purchases.
Since late 2024, Saylor has posted a SaylorTracker chart about a day before announcing new purchases, leading to a spike in BTC prices in anticipation but a sell-off when official announcements were made.
BTC was trading above $99,700 in Asian morning hours Monday, near six figures amid a pick up in the options market.
