Metaplanet cemented its position among the top corporate Bitcoin holders globally following the acquisition of 696 BTC, valued at approximately $67.8 million (¥10.152 billion), on April 1.
This move boosts the firm’s total Bitcoin holdings to 4,046 BTC, worth around ¥52.368 billion or $350 million.
According to Bitcoin Treasuries data, Metaplanet’s growing BTC treasury now ranks ninth among publicly traded companies with Bitcoin exposure. It has surpassed notable firms such as Bitcoin Group and Semler Scientific.
Meanwhile, the firm’s aggressive actions followed its issuance of 2 billion yen in 0% ordinary bonds to purchase more BTC and its stock addition to BetaShares’ Crypto Innovators ETF.
Speaking on these milestones, Simon Georvich, Metaplanet CEO, said the firm was proud of the growing institutional interest in its Bitcoin-focused investment moves.
Metaplanet’s Bitcoin strategy
The Tokyo-listed company executed this latest purchase through a dual strategy. It acquired 645.74 BTC via put option assignments and earned an additional 50.26 BTC in premium income from those options.
Metaplanet began selling cash-secured Bitcoin put options earlier in the first quarter of the 2025 fiscal year. This approach generated over ¥770 million in operating revenue, representing the 50.26 BTC received in premiums.
According to the company, these options were sold at higher Bitcoin prices at the start of the quarter. They were either exercised or expired at maturity, effectively allowing the firm to accumulate Bitcoin at favorable rates.
Meanwhile, the ¥770 million in revenue from option premiums accounts for 25.7% of Metaplanet’s ¥3 billion financial target for the year.
The firm also revealed that it surpassed its expected Bitcoin Yield in Q1 2025, achieving a 95.6% yield compared to the 35% quarterly benchmark.
Metaplanet introduced the Bitcoin Yield Strategy last year as a way to track the performance of its BTC holdings in relation to changes in share dilution. The model helps measure how effectively the company is leveraging its Bitcoin reserves to enhance shareholder value.
Following the announcement, Metaplanet’s stock price showed signs of recovery. According to Google Finance data, the shares rose 2% to approximately ¥409 at press time after falling more than 17% the previous week.
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