Metaplanet recently announced its plans to accumulate 10K Bitcoins by the end of 2025 and at least 21K by the end of next year.
The palatable success story of MicroStrategy Inc (NASDAQ: MSTR) through the Bitcoin (BTC) strategy has significantly influenced Japan’s Metaplanet Inc. (Tokyo: 3350). Simon Gerovich, the CEO of Metaplanet, has been a frequent visitor to Michael Saylor, one of the most revered Bitcoiners around the world via MicroStrategy, in the recent past.
After recently announcing plans to raise around $750 million through the global capital market, Metaplanet has revealed a major shareholder. According to Gerovich in an X post, Norges Bank, the Central Bank of Norway that is responsible for managing the Government Pension Fund of Norway, has invested 0.55 percent of Metaplanet.
As a result, the Norges Bank Investment Management owns about $7 million of Metaplanet. However, Gerovich believes the bank, with $1.7 trillion in assets under management, will invest more in Metaplanet in the near future due to its huge growth potential via the Bitcoin strategy.
Worth noting that Norges Bank owns around 0.72% of MicroStrategy’s stock market, which reciprocates to slightly over $500 million.
Metaplanet’s Bitcoin Goal
After ending 2024 on a high note, Metaplanet has attracted significant attention from major institutional investors akin to MicroStrategy. In addition to Norges Bank, Metaplanet has also received a major investment from Capital Group, which has more than $2.7 trillion in assets under management (AUM).
Earlier this week, Metaplanet announced an ambitious plan to accumulate over 21k Bitcoins by the end of 2026. The company announced that phase 1 of the ‘21 Million Plan’ will entail raising up to ¥116 billion to purchase more Bitcoins in the near future.
Currently, Metaplanet holds about 1,762 Bitcoins BTC $87 594 24h volatility: 0.8% Market cap: $1.74 T Vol. 24h: $24.96 B , which represents around 15 percent of its market cap valuation. With the long-term vision of becoming a Bitcoin bank, Metaplanet’s shareholders are well-positioned to benefit from the rising adoption of digital assets and web3 protocols.
Market Impact
As Coinspeaker explained, the continued mainstream adoption of Bitcoin by institutional investors has significantly influenced nation-states. In the United States, more than 12 states, led by Wyoming, Utah, North Dakota, Texas, Florida, and Ohio, among others, have already introduced proposals to implement a strategic Bitcoin strategy.
Furthermore, more nation-states, led by the United States, have shown the willingness to implement a strategic Bitcoin reserve to deal with their respective ballooning national debt.
Consequently, Bitcoin price will continue to rally exponentially in the near future due to the rising crisis of the supply vs demand shock. As of this writing, the net supply of Bitcoin on centralized exchanges hovered around 2.17 million, down over 76k in the past 30 days.
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