Metaplanet boosts Bitcoin Holdings with Innovative Strategy
Metaplanet Inc., a company based in Tokyo, has considerably increased its Bitcoin (BTC) holdings. In the first quarter of 2025, the firm acquired 696 BTC through a unique approach. This strategy involved selling cash-secured put options, a method that allows the company to earn premiums while potentially acquiring more Bitcoin at a lower price.
According to a regulatory filing on April 1, Metaplanet generated 770.35 million yen (around $5.15 million) in revenue from this strategy. The company deployed 9.386 billion yen in cash collateral, receiving over 50.26 BTC in option premiums. Additionally, it acquired 645.74 BTC when some options where exercised. This resulted in an effective purchase price of 13.48 million yen per BTC.
The Bitcoin Income Generation business aims to leverage Bitcoin’s volatility for steady income while expanding the company’s long-term BTC holdings. Metaplanet has reached 25.7% of its 3 billion yen full-year revenue goal for this business. future capital deployment will be decided by management.
Metaplanet’s stock has surged over 3,000% as it started accumulating Bitcoin, indicating strong market interest. The company plans to hold 21,000 BTC by 2026. This growth was partly fueled by a 2 billion yen bond issuance, fully allocated to EVO FUND for more Bitcoin purchases.
