Japanese investment firm Metaplanet announced an additional purchase of Bitcoin worth ¥1 billion ($6.9 million), continuing its strategy of active investment in cryptocurrencies.

Innovative Use of Bitcoin Put Options

On October 3, Metaplanet announced a deal with Singapore-based QCP Capital, selling 223 Bitcoin put options contracts at a $62,000 strike price. This allowed the company to earn 23.97 BTC.

A Bold Bitcoin Investment Strategy

Metaplanet has been actively implementing a Bitcoin acquisition strategy, drawing comparisons to U.S. firm MicroStrategy. Since May 2024, Bitcoin has been the company's primary asset, resulting in a 532% stock surge over the year.

The Broader Japanese Crypto Landscape

Metaplanet's shift from a hotel operator to an investment firm mirrors a larger trend in Japan, with companies increasingly engaging in cryptocurrencies. A recent survey indicated that over 500 investment managers in Japan are considering cryptocurrency investments.

Metaplanet's active engagement in the crypto market and its growing Bitcoin investments underline an increasing recognition and involvement in this financial sector, both by the company and Japanese businesses in general.