Metaplanet Expands Bitcoin Holdings to Over 4,000 BTC, Acquiring an Additional 696 BTC
Metaplanet, a Japanese hotel company, has significantly increased its Bitcoin holdings by purchasing 696 BTC, valued at approximately $58.5 million. This brings the company’s total Bitcoin stash to 4,046 BTC.
The purchase was made at an average price of 14.6 million yen ($97,500) per Bitcoin, with the total expenditure reaching 10.15 billion yen. Across its total holdings, Metaplanet has paid an average price of about $86,500.57 per Bitcoin.
To fund these acquisitions in the first quarter of 2025, Metaplanet employed a strategy involving the sale of cash-secured BTC put options. These futures contracts, which speculate on the decline of Bitcoin’s price, were sold when BTC was hitting all-time highs above $100,000. Through this method, Metaplanet generated 770.3 million yen in revenue.
The company stated that this approach allowed them to acquire more Bitcoin per yen invested, benefiting from premium income while lowering their effective cost basis compared to direct spot purchases.
With this latest acquisition, Metaplanet now ranks as the ninth-largest publicly traded Bitcoin holder, according to Bitcoin Treasuries data.
On the day of the announcement, Metaplanet’s Tokyo-listed shares rose by 2%, closing at 409 yen, outperforming the Nikkei 225, which remained unchanged.
