Metaplanet Adds to Its Bitcoin Stash, Surpassing 4,000 BTC with an Additional 696 BTC

Metaplanet Boosts Bitcoin Holdings to 4,046 BTC with $58.5 Million Purchase

Metaplanet, a Japanese hotel group, has increased its Bitcoin holdings by acquiring an additional 696 BTC, worth approximately $58.5 million. This purchase brings the company’s total Bitcoin stash to 4,046 BTC.

The purchase was made at an average price of around 14.6 million yen ($97,500) per Bitcoin, resulting in an overall expenditure of 10.15 billion yen. The average price of Bitcoin across all of Metaplanet’s holdings now stands at approximately $86,500.57 per coin.

To fund this acquisition, Metaplanet employed a strategy involving the sale of cash-secured Bitcoin put options—futures contracts that profit if the price of Bitcoin falls. The options were written at the start of Q1, when Bitcoin was pushing all-time highs above $100,000. Through this approach, the company earned 770.3 million yen in revenue.

This strategy allowed Metaplanet to purchase more Bitcoin for the same amount of capital, taking advantage of the premium income while reducing its effective cost base.

With this latest Bitcoin acquisition, Metaplanet now ranks as the ninth-largest public holder of Bitcoin, according to data from Bitcoin Treasuries.

Following the announcement, Metaplanet’s stock price rose by 2%, closing at 409 yen, significantly outperforming the Nikkei 225, which remained unchanged on the day.

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