Metaplanet Revises Bitcoin Options Strategy to Enhance Yields

Metaplanet Inc., a Tokyo-based investment company, recently revised its Bitcoin strategy, adjusting its put options to a new strike price of $66,000, up from the previous $62,000.

This strategic shift, revealed on October 3, aims to capitalize on Bitcoin’s potential by increasing yields on the options while retaining the original expiration date of December 27.

In this maneuver, Metaplanet repurchased 223 options at the lower strike price and issued the same number at the higher $66,000 threshold. The company’s CEO, Simon Gerovich, shared that this adjustment is expected to generate an additional JPY 57.9 million in premium, bringing the year’s total to JPY 272.5 million. The collateral backing for these transactions remains unchanged at $13.8 million.

The revised strategy allows the company to boost its nominal yield by 2.65%, reaching a total of 13.4%. Metaplanet has been steadily increasing its Bitcoin reserves, with a recent purchase of nearly 107 BTC worth about $6.7 million, bringing its total holdings to approximately 855.5 BTC.

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Bitcoin’s price was trading around $67,097 at the time of reporting, while Metaplanet’s stock surged nearly 7% amid the news. In the broader context, companies like MicroStrategy and Marathon Digital continue to hold substantial Bitcoin reserves, maintaining their positions as major corporate holders of the cryptocurrency.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.