Metaplanet Acquires More Bitcoin, Joins Top Corporate Holders

Metaplanet has significantly increased its Bitcoin holdings, cementing its position among the largest corporate BTC holders worldwide.

On April 1, the company acquired 696 BTC, worth roughly $67.8 million (¥10.152 billion), boosting its total stash to 4,046 BTC, valued at about $350 million (¥52.368 billion).

With this acquisition, Metaplanet has climbed to ninth place among publicly traded companies holding Bitcoin, surpassing the likes of Bitcoin Group and Semler Scientific, according to Bitcoin Treasuries data. This milestone reflects the company’s strategic push to expand its crypto reserves amid growing institutional interest.

To fund the purchase, Metaplanet recently issued zero-interest bonds worth 2 billion yen. Additionally, the company’s stock has been added to BetaShares’ Crypto Innovators ETF, further indicating its evolving role in the crypto investment space. CEO Simon Georvich expressed pride in the increased institutional support for Metaplanet’s Bitcoin-centered strategy.

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Metaplanet’s latest Bitcoin acquisition was executed through a two-pronged approach. The company bought 645.74 BTC through put option assignments and earned another 50.26 BTC from premium income linked to those options. This strategy began earlier this year, as the firm started selling cash-secured Bitcoin put options. These transactions generated approximately ¥770 million in revenue, representing 25.7% of its annual financial goal. The options, set at higher prices at the quarter’s start, were either exercised or expired, allowing Metaplanet to acquire BTC at favorable rates.

Notably, the company also reported surpassing its projected Bitcoin yield for the first quarter of 2025, achieving a 95.6% yield versus the anticipated 35%. This impressive performance is linked to Metaplanet’s Bitcoin Yield Strategy, introduced last year to evaluate how effectively BTC reserves contribute to shareholder value despite potential share dilution.

Alexander Stefanov