Metaplanet’s Bitcoin Stash Soars to 4,046 BTC—Will the Buying Spree Continue?

Japan’s listed bitcoin treasury firm, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), has made a substantial addition to its bitcoin reserves. The firm revealed that in the first quarter of fiscal year 2025, it added another 696 BTC to its bitcoin holdings, taking its total holdings to 4,046 BTC. This is in line with Metaplanet’s continued practice of using options trading to supplement its efforts to accumulate bitcoins.

Bitcoin Acquisition Through Income Generation Strategy

Metaplanet’s recent acquisition was made via its Bitcoin Income Generation business, which uses a systematic method of selling cash-secured put options. The method allows the company to earn steady income while buying bitcoin at favorable prices. The company announced that the 696 BTC recently acquired were bought at an average price of 14,586,230 yen per bitcoin, which totaled a total outlay of 10.152 billion yen.

Through options trading, Metaplanet successfully reduced its cost basis. The firm reported that it earned 770,351,229 yen in premium revenue in the quarter, equivalent to 50.26 BTC. When including this extra revenue, the effective cost of acquiring bitcoin was lowered to 13,479,404 yen per BTC, less than the market price when the options were opened. This strategic method enabled Metaplanet to optimize capital efficiency, buying bitcoin at a lower effective price than straight spot market buys.

Performance of Metaplanet’s Bitcoin Strategy

Metaplanet reported key performance indicators emphasizing the success of its model of bitcoin accumulation. The firm utilizes BTC Yield as a very important metric, indicating the change in bitcoin per fully diluted share, which is a measure of shareholder value creation. The BTC Yield over the last three quarters has shown outstanding growth:

• July 1, 2024 – September 30, 2024: BTC Yield of 41.7%
• October 1, 2024 – December 31, 2024: BTC Yield of 309.8%
• January 1, 2025 – March 31, 2025: BTC Yield of 95.6% (Quarter-to-Date)

These figures highlight the firm’s success in capitalizing on market opportunities and executing a well-structured bitcoin accumulation strategy.

Capital Raising Initiatives

In order to continue funding its aggressive bitcoin acquisition strategy, Metaplanet has kept raising money by selling stock acquisition rights and issuing bonds. These capital raises are used to supply the liquidity necessary to grow its bitcoin treasury without depending entirely on revenue from operations. The company is still focused on optimizing its capital investment while maximizing shareholder value through strategic bitcoin purchases.

Looking Ahead: More Bitcoin Purchases Expected?

Metaplanet’s recent revelations indicate that the firm will continue to utilize its Bitcoin Income Generation strategy to further increase its holdings of Bitcoin. With the success of its options-based strategy, the company is likely to make further purchases in the next few quarters. As the adoption of bitcoin continues to increase worldwide, Metaplanet’s dedication to building its digital asset treasury puts it in a strategic position to take advantage of long-term price appreciation.

With its disciplined bitcoin acquisition strategy and robust financial strategy, Metaplanet has emerged as a front-runner in the corporate investment in the bitcoin category. Investors and analysts are sure to be keeping a close eye on what the company does next as it refines its strategy and builds up its crypto portfolio.