- Metaplanet acquired an additional 696 Bitcoins for a total cost of $67.9 million.
- The company now holds 4,046 BTC, valued at approximately $340 million.
- Metaplanet used a cash-secured put option strategy to obtain Bitcoin at a lower effective cost.
Japanese investment firm Metaplanet acquired 696 Bitcoin this week through its structured options strategy. The purchase, worth 10.152 billion yen ($67.9 million), brings the company’s total bitcoin holdings to 4,046 BTC. The average acquisition price was 14,586,230 yen ($97,512) per bitcoin.
The company conducted the acquisition with funds generated from put option sales which maintained its capital discipline. Exercise of options helped the firm acquire 645.74 bitcoins and contributions from option premiums resulted in an additional 50.26 bitcoins. Although market prices declined, Metaplanet optimized its entry point using pre-secured funds.
With 9.386 billion yen totaling $62.7 million in collateral funds the organization spent capital better than buying bitcoins directly in public markets. Despite the nominal price, the effective cost per bitcoin dropped to 13,479,404 yen ($90,073) after accounting for premiums. This result positioned Metaplanet favorably against market prices at the time of option issuance.
Bitcoin Income Program Generates 11.4% Quarter-Over-Quarter Growth
Metaplanet’s Bitcoin income generation strategy focuses on selling cash-secured put options and earning premiums in Bitcoin. Operating revenue from this income generation program reached 770.35 million yen ($5.2 million) in the first quarter, representing an 11.4% growth over the previous quarter’s results.
This amount exceeded 25% of the company’s planned annual revenue goal of 3 billion yen, equivalent to $20 million. The strategy allowed Metaplanet to build long-term Bitcoin reserves while monetizing market volatility. The firm confirmed these options were written during higher Bitcoin prices.
While the strategy involves risk if prices fall, Metaplanet emphasizes the benefits of disciplined exposure. The firm believes this method enabled the acquisition of more bitcoin compared to spot purchases during January highs. The company plans to grow its assets with additional deals of this nature.
Metaplanet Rises to Top Bitcoin Holders
With the latest acquisition, Metaplanet now holds 4,046 BTC, which is currently valued at approximately $340 million. This places the Tokyo-listed firm among the top ten corporate holders of Bitcoin globally. The company currently stands in the same league as Tesla, Block, Marathon Digital, and Strategy.
Metaplanet utilizes BTC Yield as its main performance metric by comparing its asset holdings against share dilution adjustments. According to the firm’s report, the year-to-date BTC Yield was 95.6% showing successful performance through its bitcoin strategy. During his address, Simon Gerovich emphasized bitcoin growth as an essential driver for increasing shareholder value.
Recently, Metaplanet appointed Eric Trump to its Strategic Board of Advisors, signaling broader ambitions. The company followed this purchase by acquiring 150 BTC from the open market at a transaction value of $12.6 million. Monday marked the day when the company released 2 billion yen ($13.3 million) worth of zero-interest bonds through which it could obtain funds for additional acquisitions.
Metaplanet has committed to holding 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. The company has pursued this target since launching its Bitcoin strategy in April 2024. The stock market performance has skyrocketed to a 1950% annual increase by driving the closing price to 409 yen, which equals $2.73.