Two major corporate holders of Bitcoin are set to expand their holdings significantly this year, with MicroStrategy planning to purchase more than $2 billion worth of the cryptocurrency in the first quarter of 2025.

MicroStrategy, a leading Bitcoin development firm, announced plans to raise up to $2 billion through preferred stock offerings to fund these purchases. This move aligns with the company’s ongoing strategy to increase its Bitcoin reserves.

Meanwhile, Metaplanet, a Japanese investment firm, aims to acquire 10,000 BTC—worth nearly a billion dollars at current prices—over the course of the year. The company also plans to support initiatives that promote broader Bitcoin adoption. In an X post, CEO Simon Gerovich stated, “In 2025, we aim to expand our Bitcoin holdings to 10,000 BTC by utilizing the most effective capital market tools available to us.”

Metaplanet, often referred to as Japan’s MicroStrategy due to its prominent Bitcoin holdings in Asia, currently holds $175 million worth of Bitcoin. The firm has a market capitalization of $830 million.

For its part, MicroStrategy currently holds $44 billion worth of Bitcoin. The company’s latest capital raise is part of its “21/21 Plan,” which aims to secure $21 billion in equity and another $21 billion in fixed-income instruments over the next three years. As part of this effort, co-founder Michael Saylor teased another Bitcoin purchase on social media, sharing a screenshot of the SaylorTracker, a viral graph that tracks MicroStrategy’s Bitcoin acquisitions. Saylor has regularly posted these charts, often leading to short-term price increases as traders anticipate new purchases.

As of Monday, Bitcoin is trading above $99,700, nearing the $100,000 mark, with activity in the options markets contributing to the price surge.