Metaplanet Buys the Dip, Adds 696 Bitcoins to Its Treasury, Bringing Its Total Holdings to 4,046 BTC

The Japanese investment company has updated its Bitcoin reserve on social media platform X (formerly known as Twitter)

Japanese investment company Metaplanet has announced on social media platform X (formerly known as Twitter), the purchase of an additional 696 Bitcoin (BTC) today, April 1, 2025.

This purchase brings the company's total Bitcoin reserve to 4,046 BTC, valued at approximately 10.152 billion yen ($67.85 million). The average purchase price for this batch of coins was 14,586,230 yen ($97,490) per coin.

According to the company's statement, it had recently announced its plans for accumulating 10,000 BTC by the end of 2025 and increase this number to 21,000 BTC by the end of 2026. From this data it can be deduced that with the current purchase, Metaplanet has purchased 40.46% of its target BTC with the recent buying.

The company has also issued zero-interest bonds worth 2 billion yen (approximately $13.3 million). These bonds will be maturing by September 30, 2025.

The company is planning to use the funds raised from the bonds for future purchases of BTC. With this move, Metaplanet joins the ranks of companies like Strategy (formerly known as MicroStrategy), which are aiming to build a Bitcoin treasury.

Moreover, Metaplanet also released a report that shows the results for its Bitcoin Income Generation business in Q1 of 2025.

According to the released report the company earned approximately 770.25 million yen in operating revenue by selling cash-secured Bitcoin put options. This indicates an increase of 11.4% when compared with Q4 of FY2024.

With the investment made in BTC, the company has allocated 9.386 billion yen in cash collateral and has earned 50.26 BTC as option premiums. The company’s total acquisition cost for the quarter has been been 10.152 billion yen, with Bitcoin now integrated into its long-term treasury holdings.

This move has helped Metaplanet, which posted its first operating profit since 2017 in 2024.

CEO Simon Gerovich highlighted that the company is concentrating on effectively utilizing the financial instrument while aiming to foster greater adoption of Bitcoin in Japan and on a global scale.

The company's strategy seems to be in line with bullish market forecast which predicts that the Bitcoin price could exceed up to $200,000 in 2025.

After all these developments, the Bitcoin token has experienced a slight uptick. At press time, the token is trading at $84,154.84 surging 2.7% in the last 24 hours, according to CoinGecko.