Metaplanet’s latest Bitcoin bet mirrors Strategy – What it means for institutions
The post Metaplanet’s latest Bitcoin bet mirrors Strategy – What it means for institutions appeared on BitcoinEthereumNews.com.
Metaplanet expands BTC holdings to 4,046 BTC through strategic acquisitions and income generation. Despite growth, Metaplanet shares dropped 1.22% as BTC traded at $85,120.92. Japan’s MicroStrategy, aka Metaplanet Inc., continues to strengthen its Bitcoin [BTC] strategy with another major acquisition. The company recently added 696 BTC to its holdings, bringing its total stash to 4,046 BTC. This latest purchase, made at an average price of approximately 14.6 million yen ($97,500) per Bitcoin, cost the firm around 10.15 billion yen. Notably, Metaplanet’s total Bitcoin reserve was accumulated at an average price of $86,500.57 per coin. The approach behind Metaplanet’s Bitcoin strategy Metaplanet leveraged a strategic approach to finance its Bitcoin acquisitions in Q1 by selling cash-secured BTC put options—Futures contracts that profit if the underlying asset declines. These options were written early in the quarter when Bitcoin was surging past $100,000, allowing the company to generate a steady income while accumulating BTC. Alongside its latest Bitcoin purchase, Metaplanet reported a strong financial performance, with its Bitcoin Income Generation business driving 770.31 million yen in operating revenue—an 11% increase from Q4 2024. By utilizing structured BTC put options, the firm successfully generated premium income while expanding its Bitcoin holdings. Remarking on the same, Metaplanet said in a statement on 2nd April, “Relative to direct spot purchase at that time, the strategy enabled the company to acquire more bitcoin per yen deployed – benefitting from premium income and a reduced effective cost basis.” Metaplanet’s roadmap ahead That being said, Metaplanet’s Bitcoin-driven strategy is proving effective, with its Q1 revenue already covering 25.7% of its 2025 target of 3.0 billion yen from BTC-related operations. Now, as the firm continues leveraging BTC as a treasury asset, it remains on track to achieve its projected 3.4 billion yen in total revenue for 2025, further solidifying its…
Filed under: News - @ April 2, 2025 4:26 pm