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Metaplanet Acquires Additional 696 Bitcoin, Building Largest Corporate Treasury
Metaplanet, a Tokyo Stock Exchange-listed firm, has acquired an additional 696 Bitcoin (BTC) as part of its Bitcoin Income Generation strategy, which involves selling put options and using the collateral to purchase Bitcoin at an effective discount.
The company acquired 645.74 BTC when cash-secured put options they sold were exercised, and received 50.26 BTC as premiums from selling those options—bringing the total to 696 BTC added in the quarter.
Bitcoin Income Generation Strategy
Metaplanet’s strategy generated over $5.1 million (¥770 million) in premiums in Q1 2025 alone—an 11.4% increase from the previous quarter—while also enabling the company to acquire Bitcoin at an effective price of just $88,800 per coin (¥13.48 million), below market rates at the time of execution.
While the acquisition nominally cost $96,000 (¥14.58 million) per BTC, the premium income reduced the net cost—demonstrating what Metaplanet called “improved BTC acquisition efficiency.”
Strategic Options Trading and Capital Raisings
Metaplanet has now amassed 3,896 BTC through a mix of strategic options trading and capital raises. At current prices, its Bitcoin holdings are worth over $324 million.
The company has approved a $13.3 million (¥2 billion) zero-coupon bond issuance on March 31 and completed a $25.9 billion raise through unsecured bonds and stock acquisition rights issued to EVO FUND in February.
Metaplanet’s Transformation into a Full-Blown Bitcoin Treasury
Tuesday’s announcement is the latest in a string of moves that point to Metaplanet’s transformation into a full-blown Bitcoin treasury.
The company is now the ninth-largest corporate Bitcoin holder globally, just behind tech heavyweights like Tesla and Block, according to BitcoinTreasuries.net.
Conclusion
Metaplanet’s aggressive acquisition of Bitcoin is a significant development in the cryptocurrency market, demonstrating the company’s commitment to building one of the largest corporate Bitcoin treasuries in the world. As the company continues to grow its Bitcoin holdings, it is likely to have a significant impact on the market and the broader cryptocurrency landscape.
FAQs
Q: What is Metaplanet’s Bitcoin Income Generation strategy?
A: Metaplanet’s strategy involves selling put options and using the collateral to purchase Bitcoin at an effective discount.
Q: How much did Metaplanet acquire in the latest quarter?
A: Metaplanet acquired an additional 696 Bitcoin (BTC) in the latest quarter.
Q: What is the current value of Metaplanet’s Bitcoin holdings?
A: At current prices, Metaplanet’s Bitcoin holdings are worth over $324 million.
Q: What is the purpose of Metaplanet’s capital raisings?
A: Metaplanet’s capital raisings are intended to fund its accumulation of Bitcoin, with the goal of building one of the largest corporate Bitcoin treasuries in the world.
Q: How does Metaplanet’s strategy generate revenue?
A: Metaplanet’s strategy generates revenue through the sale of put options and the acquisition of Bitcoin at an effective discount.
