Japanese investment firm Metaplanet continues to expand its bitcoin assets with a recent acquisition of 696 BTC. This purchase was accomplished through cash-secured put options, allowing the firm to accumulate bitcoins at a favorable price.
BTC Purchase via Options
Metaplanet acquired 696 BTC through the assignment of previously sold cash-secured put options, with an average purchase price of 14,586,230 yen per bitcoin, totaling 10.152 billion yen. The company strategy involves selling options, generating revenue and purchasing bitcoins at reduced prices.
Top Bitcoin Holders Position
Metaplanet now holds 4,046 BTC, valued at approximately $340 million, ranking the firm among the top corporate bitcoin holders alongside MicroStrategy, Tesla, and others. The company achieved a BTC Yield of 95.6% this year, reflecting the success of its asset increase strategy.
Metaplanet's Future Plans
Since launching its bitcoin reserve strategy in April 2024, Metaplanet aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. Recently, Metaplanet acquired an additional 150 BTC after appointing Eric Trump to the company's advisory board and issued 2 billion yen in bonds for further bitcoin acquisitions.
Metaplanet's successful strategy in increasing bitcoin assets continues to bear fruit, positioning the firm among market leaders and planning for further reserve growth in the future.
