Metaplanet, a publicly listed Bitcoin treasury firm in Japan, continues to actively increase its Bitcoin reserves, reaching 4,046 BTC in the first quarter of 2025. The company's yield also surged to an impressive 95.6%.
Strategic Bitcoin Accumulation Through Options Trading
On April 1, Metaplanet announced that its Bitcoin acquisition strategy is implemented through the sale of cash-secured put options. This method allows the company to generate income while acquiring BTC at lower prices. In the first quarter, Metaplanet acquired 696 BTC, increasing its reserves to 4,046 BTC. The average acquisition price was 14,586,230 yen per BTC, with investments totaling 10.152 billion yen for the quarter. The premium income from option selling was 770.35 million yen, equivalent to 50.26 BTC. By using this strategy, Metaplanet effectively lowered its Bitcoin acquisition cost to 13,479,404 yen per BTC.
Impressive Yield Growth and Future Plans
Metaplanet has demonstrated significant yield growth in Bitcoin, reflecting the effectiveness of its accumulation strategy. The yield in Q3 2024 was 41.7%, in Q4 it was 309.8%, and in Q1 2025 it reached 95.6%. This metric reflects the increase in Bitcoin per fully diluted share and the successful value growth for shareholders. To fund future Bitcoin purchases, the company continues raising capital through stock acquisition rights and bond issuances. With a proven record in strategic Bitcoin accumulation, further purchases are likely in the coming quarters.
Metaplanet’s Bitcoin Strategy – What’s Next?
With its aggressive Bitcoin accumulation strategy, Metaplanet positions itself as Japan's leading corporate BTC holder. The company's option-selling strategy has boosted yield and optimized capital deployment. As Bitcoin adoption grows, Metaplanet's approach may serve as a model for other institutions seeking BTC exposure with minimized risk.
Metaplanet continues to actively expand its Bitcoin reserves, utilizing innovative strategies for investment optimization. The achievement of high yield confirms the effectiveness of its approach and provides positive prospects for further activities in the crypto market.
