Tokyo-based Metaplanet Inc. acquired 696 bitcoins through its income generation program with put options, gaining significant operating revenue.
Acquisition of 696 Bitcoins: Strategic Approach
Metaplanet, headquartered in Tokyo, increased its Bitcoin holding by 696 BTC through its Bitcoin Income Generation program using put options. This action demonstrates the company’s commitment to leveraging Bitcoin price volatility. The bitcoin was acquired at an average price of 13.48 million yen, adding both recurring revenue and holdings to the company's assets.
Growth through Options and Revenue Generation
Metaplanet's options strategy generated substantial operating revenue of 770.35 million yen (approximately $5.15 million). The company deployed 9.386 billion yen in cash collateral and earned over 50 BTC in option premiums. Additionally, another 645 BTC were acquired when the options were exercised. This approach provides the company with a stable income stream while increasing its Bitcoin portfolio.
Strategic Market Purchases
In addition to its options strategy, Metaplanet issued zero-interest bonds through its Evo Fund to finance Bitcoin purchases. The firm took advantage of a Bitcoin price dip, with the cryptocurrency trading at approximately $82,000, a 25% decrease from its peak. Currently, with about 3,200 Bitcoins valued at $1.23 billion, Metaplanet is the largest corporate Bitcoin holder in Asia.
Metaplanet has achieved significant success in increasing its Bitcoin assets and creating revenue streams through targeted use of options and market conditions. This strategy positions the company among the largest global Bitcoin holders and strengthens its financial flexibility for the future.
