Two of the largest corporate bitcoin (BTC) holders plan to continue adding more BTC to their already considerable coffers.
According to tweets over the weekend, Bitcoin development company MicroStrategy (MSTR) plans to raise up to $2 billion through preferred stock offerings to fuel more bitcoin purchases in the first quarter of 2025.
Elsewhere in Japan, investment firm Metaplanet said it intended to buy 10,000 bitcoins (worth nearly $1 billion at current prices) during the year, along with various activities to increase overall bitcoin usage.
“In 2025, we aim to expand our Bitcoin holdings to 10,000 BTC using the most profitable capital market tools available to us,” CEO Simon Gerovich said in an X post.
“Leverage our partnerships to promote Bitcoin adoption in Japan and around the world. Explore innovative opportunities to increase Metaplanet’s impact in Japan and the Bitcoin ecosystem.”
Happy New Year to our valued shareholders! As we approach the year 2025, I couldn’t be more excited about what’s in store for Metaplanet. Last year was transformative as we broke records, expanded our Bitcoin treasury, and strengthened our position as Asia’s leading Bitcoin treasury… pic.twitter.com/K2HsOS8TaZ
– Simón Gerovich (@gerovich) January 5, 2025
The company, colloquially called MicroStrategy of Japan because it is the only corporate holder of bitcoins in Asia, has $175 million in BTC as of Monday and has a market capitalization of $830 million.
Meanwhile, MicroStrategy has $44 billion in bitcoin as of Monday and the $2 billion capital raise is said to be a preview of its previously announced “21/21 Plan,” a capital plan to raise 21 $1 billion of equity and $21 billion of fixed income instruments over the next three years, according to a statement.
As such, co-founder and board member Michael Saylor mocked a Monday bitcoin purchase in an X post on Sunday night with an image of the SaylorTracker, a viral chart that tracks the company’s purchases.
Since late 2024, Saylor has posted a SaylorTracker chart about a day before announcing new purchases, causing BTC prices to rise early but sell off when official announcements are made.
BTC is trading above $99,700 in Asian morning hours on Monday, approaching the six-figure mark amid a rally in options markets.
