Metaplanet acquired 696 Bitcoin in the first quarter by implementing a put options strategy, achieving an average purchase price of 13.48 million yen per BTC.
Based in Tokyo, Metaplanet Inc. secured 696 Bitcoin (BTC) during the initial quarter of 2025 through its Bitcoin Income Generation initiative, which focuses on selling cash-backed Bitcoin put options, as detailed in a regulatory submission on April 1.
In the filing, the company reported generating 770.35 million yen (approximately $5.15 million) in operational revenue from this strategy, stating it is aimed at “creating consistent income while boosting long-term Bitcoin holdings.”
The report indicated that Metaplanet allocated 9.386 billion yen in cash collateral, which allowed the company to earn over 50.26 BTC in option premiums, along with an additional 645.74 BTC acquired from exercised options.
Metaplanet mentioned that its Bitcoin Income Generation venture is designed to capitalize on Bitcoin’s price volatility while backing its capital objectives, and it functions independently from its long-term Bitcoin reserves.
In its Q1 update, the company noted that it has achieved 25.7% of its full-year revenue target of 3 billion yen for this segment, adding that any future capital investments will be determined by management’s discretion.
Shortly after securing 2 billion yen through its 10th series of ordinary bonds, which was fully allocated to EVO FUND for additional Bitcoin purchases, Metaplanet made the Bitcoin acquisition. Since it began its Bitcoin accumulation, the firm’s stock has skyrocketed over 3,000%, indicating robust market interest. The firm has plans to amass 21,000 BTC by 2026.