Metaplanet Increases Its Bitcoin Holdings to Over 4,000 BTC and Purchases an Additional 696 BTC
Metaplanet bought bitcoins at an average price of about 14.6 million yen, spending a total of 10.15 billion yen to acquire them.
Author: Jamie Crowley | Edited by : Parikshit Mishra Updated: April 1, 2025, 15:24 UTC Published: April 1, 2025, 09:10 UTC
What you should know:
- Metaplanet purchased another 696 BTC ($58.5 million), bringing the total to 4,046 BTC.
- All of the company's Bitcoin assets were acquired at an average price of approximately $86,500.57 per coin.
- Metaplanet financed its first-quarter purchases by selling cash-backed put options on BTC — futures contracts that bet on a decline in the price of the underlying asset.
Japanese hotel firm Metaplanet (3350) purchased an additional 696 BTC ($58.5 million), bringing its total holdings to 4,046 BTC.
Metaplanet bought bitcoins at an average price of about 14.6 million yen ($97,500), for a total of 10.15 billion yen.
All of the company's BTC assets were purchased at an average price of approximately $86,500.57 per coin.
Metaplanet financed its first-quarter purchases by selling cash-backed put options on BTC — futures contracts that suggest a decline in the value of the underlying asset.
These options were issued at the beginning of the quarter when BTC was reaching all-time highs of over $100,000. Metaplanet reported revenue of 770.3 million yen from this method.
“Unlike direct spot purchases during that period, this strategy allowed the company to purchase more bitcoin for every yen spent, benefiting from a premium income and lower actual costs,” Metaplanet said in a statement on Tuesday.
Metaplanet's latest purchase of BTC makes it the ninth-largest public holder of bitcoin, according to data tracked by Bitcoin Treasuries.
Shares of the Tokyo Stock Exchange-traded company closed at 409 yen on Tuesday, up 2 percent, well above the Nikkei 225 index, which was flat on the day.
