Metaplanet has solidified its position among the top Bitcoin holders worldwide following the acquisition of 696 BTC, which was valued at around $67.8 million (¥1.015.2 billion) on April 1.
The move will bring the company’s total Bitcoin holdings to 4,046 btc, worth approximately 5,2368 billion yen or 350 million yen.
According to data from Bitcoin Treasuries, Metaplanet’s growing BTC Treasury is currently ranked ninth among public companies exposed to Bitcoin. It outperforms notable companies such as Bitcoin Group and Semler Scientific.
Meanwhile, the company’s aggressive behavior has purchased more BTC and added stock to Betashares’ Crypto Innovators ETF, following the issuance of 2 billion yen on 0% regular bonds.
Speaking about these milestones, Metaplanet CEO Simon Jovich said the company is proud of the growing institutional interest in the Bitcoin-centric investment movement.
Metaplanet’s Bitcoin Strategy
The Tokyo-listed company has implemented this latest purchase through a dual strategy. I got 645.74 BTC through Put Option Assignments and an additional 50.26 BTC in premium revenue from those options.
Metaplanet began selling cash-held Bitcoin put options early in the first quarter of fiscal year 2025. This approach represents the 50.26 BTC received in premiums, generating more than 770 million yen in operating revenue.
According to the company, these options were sold at a higher Bitcoin price at the start of the quarter. They were either exercised or expired at maturity, effectively allowing companies to accumulate Bitcoin at a favorable rate.
Meanwhile, 770 million yen in revenue from Options Premium accounts for 25.7% of Metaplanet’s annual financial target of 3 billion yen.
The company also revealed it surpassed expected Bitcoin yields in the first quarter of 2025, achieving a 95.6% yield compared to the 35% quarter benchmark.
Metaplanet introduced the Bitcoin Yield strategy last year as a way to track BTC holdings performance in relation to changes in stock dilutions. This model helps to measure how effectively a company is making use of its Bitcoin reserves to increase shareholder value.
Following the announcement, Metaplanet stock prices showed signs of a recovery. According to Google Finance data, after more than 17% fell the previous week, stocks rose 2%, up about 409 yen, up about 409 yen.
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