Metaplanet has solidified its status as one of the leading corporate holders of Bitcoin worldwide after its purchase of 696 BTC, which is valued at around $67.8 million (¥10.152 billion), on April 1.
This acquisition brings the company’s total Bitcoin holdings to 4,046 BTC, estimated to be worth approximately ¥52.368 billion or $350 million.
As per the data from Bitcoin Treasuries, Metaplanet’s expanding BTC treasury now ranks ninth among publicly traded entities with Bitcoin investments, overtaking well-known companies like Bitcoin Group and Semler Scientific.
Moreover, this bold strategy follows the firm’s issuance of ¥2 billion in 0% ordinary bonds intended for further Bitcoin acquisitions, alongside its inclusion in BetaShares’ Crypto Innovators ETF.
Commenting on these achievements, Simon Georvich, CEO of Metaplanet, expressed pride in the increasing institutional interest in the company’s investment strategies centered on Bitcoin.
Metaplanet’s Bitcoin strategy
The Tokyo-listed firm implemented this latest acquisition through a dual approach. They secured 645.74 BTC via put option assignments and additionally accrued 50.26 BTC from premium income linked to those options.
The company began offering cash-secured Bitcoin put options at the start of the first quarter of the 2025 fiscal year, generating over ¥770 million in operational revenue, which corresponds to the 50.26 BTC gained from premiums.
According to the company, these options were sold when Bitcoin prices were higher at the beginning of the quarter. They were either exercised or expired at maturity, allowing the company to accumulate Bitcoin at advantageous rates.
Furthermore, the ¥770 million in revenue from option premiums constitutes 25.7% of Metaplanet’s ¥3 billion financial goal for the year.
The firm also disclosed a notable performance in Q1 2025, surpassing expectations for Bitcoin yield with a 95.6% return compared to a quarterly benchmark of 35%.
Last year, Metaplanet launched the Bitcoin Yield Strategy to monitor the performance of its BTC holdings in relation to share dilution. This model assesses how effectively the firm is utilizing its Bitcoin reserves to enhance value for shareholders.
Following this announcement, Metaplanet’s stock showed signs of recovery. According to Google Finance data, the shares rose by 2% to around ¥409, recovering after a drop of more than 17% the prior week.
Mentioned in this article
