Two of the largest Bitcoin (BTC) holders plan to continue adding more BTC to their coffers, which already hold significant funds.
Bitcoin developer MicroStrategy (MSTR) plans to raise up to $2 billion through a preferred stock issue to facilitate further Bitcoin purchases in the first quarter of 2025, according to a tweet over the weekend.
Elsewhere in Japan, investment firm Metaplanet plans to acquire 10,000 Bitcoins (equivalent to nearly $1 billion at current prices) by the end of the year, alongside some activities to increase general Bitcoin usage. ).
“We aim to grow our Bitcoin holdings to 10,000 BTC in 2025 by leveraging the most accretive capital market tools available,” CEO Simon Gerovich said on XPost.
“Leverage our partnership to drive Bitcoin adoption in Japan and around the world. Explore innovative opportunities to expand Metaplanet's impact in Japan and the Bitcoin ecosystem .”
Happy New Year to all our valued shareholders! As we step into 2025, we couldn't be more excited about what's ahead for Metaplanet. Last year was a transformative year as we broke records, grew our Bitcoin assets, and strengthened our position as Asia's leading Bitcoin asset… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
The company, colloquially known as Japan's MicroStrategy because it is Asia's only corporate Bitcoin holder, held $175 million worth of BTC as of Monday, with a stock market capitalization of 830 million yen. It is worth 1 million dollars.
Meanwhile, MicroStrategy held $44 billion worth of Bitcoin as of Monday, and this $2 billion funding is part of its previously announced “21/21 Plan,” which means $21 billion in equity and 210 billion The move is said to be to advance a capital plan to raise $1 billion in funds. fixed income products for the next three years, according to the release.
So co-founder and board member Michael Saylor teased Monday's Bitcoin purchases in an X Post late Sunday with a photo of SaylorTracker, the company's viral graph that tracks purchases.
Since late 2024, Saylor has posted Saylor Tracker charts approximately one day before announcing new purchases, which led to a rise in BTC prices in anticipation, but a drop once the official announcement was made. Connected.
Bitcoin was trading above $99,700 by mid-morning Asian time on Monday, moving toward six-digit levels on the back of a rally in the options market.
