What to know:
- Bitcoin development firm MicroStrategy plans to raise upto $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 aimed to purchase 10,000 bitcoin.
- MicroStrategy could announce Bitcoin purchases on Monday, per a teaser tweet by co-founder Michael Saylor.
Two major corporations are set to keep expanding their existing Bitcoin stockpiles, as they continue to accumulate even more of this digital currency.
According to recent tweets, MicroStrategy Inc., a company specializing in Bitcoin, aims to gather up to $2 billion by selling preferred stocks. This funds will be utilized for further Bitcoin acquisitions during the first three months of 2025.
In other parts of Japan, the investment company Metaplanet announced its intention to acquire approximately 10,000 bitcoins (valued around a billion dollars at present rates) this year, along with various initiatives to boost overall bitcoin adoption.
As an analyst, I am committed to growing our Bitcoin portfolio substantially in the future. By leveraging the most advantageous financial instruments at our disposal, as outlined by CEO Simon Gerovich in a recent post, we strive to increase our holdings to 10,000 BTC by the year 2025.
“Utilize our alliances to further Bitcoin’s acceptance in Japan and worldwide. Seek out creative avenues to expand Metaplanet’s influence in Japan and the Bitcoin community.”
This version retains the original meaning while making it more accessible and easier to read for a general audience.
2025 Greetings to Our Esteemed Stockholders! As we enter this new chapter, I am thrilled about the prospects that await Metaplanet. The previous year was a period of transformation, marked by record-breaking achievements, growth in our Bitcoin reserves, and strengthening our status as Asia’s foremost Bitcoin Treasury company.
— Simon Gerovich (@gerovich) January 5, 2025
This company, often referred to as Asia’s equivalent of MicroStrategy due to its unique status as the sole corporate Bitcoin owner in the region, currently holds approximately $175 million in Bitcoin, as of Monday. The company’s total market capitalization stands at around $830 million.
Currently, MicroStrategy holds approximately $44 billion in bitcoin as of Monday. Additionally, they are planning a $2 billion capital increase, which is part of their previously announced “21/21 Plan”. This plan aims to secure $21 billion through equity and $21 billion through fixed-income instruments over the next three years, according to a statement.
On Sunday evening, I shared on Reddit (X) a hint about my planned Bitcoin purchase on the upcoming Monday, accompanied by a snapshot of the SaylorTracker – a popular visualization tool that charts our company’s Bitcoin acquisitions.
Something about is not quite right.
— Michael Saylor⚡️ (@saylor) January 5, 2025
Starting from late 2024, Saylor has tended to share the SaylorTracker chart about one day prior to disclosing new purchases. This often triggers an increase in BTC prices due to anticipation, but a subsequent drop occurs once the official announcement is made.
In the early hours of Asian Monday, Bitcoin trading surpassed $99,700, moving closer to the significant milestone of one hundred thousand dollars, due to an increase in activity within the options market.
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2025-01-06 09:53