Two major players in the bitcoin (BTC) game are gearing up to significantly enhance their holdings as BTC approaches the coveted $100K milestone.
Recent tweets revealed that MicroStrategy (MSTR), a prominent bitcoin development firm, plans to secure up to $2 billion through preferred stock offerings. This strategic move is aimed at fueling further bitcoin purchases in the first quarter of 2025.
On another front, investment firm Metaplanet, located in Japan, has its sights set on acquiring 10,000 bitcoin, valued at nearly $1 billion at today’s rates. They also have ambitious plans to promote broader bitcoin usage.
CEO Simon Gerovich shared his enthusiasm on social media: “In 2025, we aim to expand our Bitcoin holdings to 10,000 BTC by utilizing the most accretive capital market tools available to us.” He also emphasized a commitment to strengthen partnerships aimed at advancing bitcoin adoption both in Japan and internationally.
As Gerovich expressed, “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 for us, breaking records and expanding our Bitcoin treasury, reinforcing our position as Asia’s leading Bitcoin Treasury.”
Currently, Metaplanet holds $175 million in BTC and boasts a market capitalization of $830 million. Meanwhile, MicroStrategy has amassed a staggering $44 billion in bitcoin holdings. Their latest capital endeavor is part of the company’s ambitious “21/21 Plan,” which aims to raise $21 billion through equity and the same amount via fixed-income instruments over the next three years.
In a nod to MicroStrategy’s strategy, co-founder Michael Saylor hinted at a potential bitcoin purchase through an X post over the weekend, featuring the SaylorTracker, a widely recognized graph that tracks MicroStrategy’s bitcoin acquisitions. Saylor’s habit of sharing updates on the tracker has often created buzz within the bitcoin community, leading to price fluctuations as anticipation grows around their purchases.
As BTC now trades above $99,700, it’s inching closer to that six-figure threshold, spurred on by a revival in options markets. The excitement surrounding these developments signals a potential surge in bitcoin interest as both MicroStrategy and Metaplanet continue to assert their influence within the crypto landscape.
