Japanese investment firm Metaplanet continues to increase its Bitcoin holdings with the purchase of another 108.786 BTC, marking their second major acquisition in October.

Innovative Use of Bitcoin Options

This week, Metaplanet completed a deal with Singaporean firm QCP Capital by selling 223 Bitcoin put options with a $62,000 strike price, expiring in December. In return, the company received 23.97 BTC as premiums.

Bold Bitcoin Investment Strategy

Metaplanet's strategy is centered on using Bitcoin as a primary treasury reserve asset, which led to a 532% stock increase this year. The firm also announced a partnership with SBI VC Trade to manage digital assets in compliance with local regulations.

Broader Japanese Crypto Landscape

Metaplanet's shift from a budget hotel operator to an investment firm is part of a larger trend in Japan. Surveys show that over 500 managers in Japan are considering cryptocurrency investments and using stablecoins for daily transactions.

Metaplanet's Bitcoin accumulation strategy reflects the company's confidence in cryptocurrency as a significant asset amidst Japan's challenging economic situation.