Metaplanet Expands Bitcoin Holdings, Cementing Its Position Among the Largest Corporate BTC Holders Worldwide

Metaplanet has significantly increased its Bitcoin holdings, cementing its position among the largest corporate BTC holders worldwide.

Metaplanet, a Japanese company and a subsidiary of the Metaverse Group, has significantly increased its Bitcoin holdings, cementing its position among the largest corporate BTC holders worldwide.

According to Bitcoin Treasuries data, Metaplanet has now risen to ninth place in terms of Bitcoin holdings among publicly traded companies, surpassing Bitcoin Group and Semler Scientific. This milestone follows the company's recent purchase of 696 BTC, worth roughly $67.8 million (¥10.152 billion) at current prices.

Following the acquisition, Metaplanet's BTC stash totals about 4,046 coins, valued at about $350 million (¥52.368 billion).

The company's stock has also been added to BetaShares' Crypto Innovators ETF, further indicating its evolving role in the crypto investment space.

Earlier this year, Metaplanet announced plans to sell cash-secured Bitcoin put options as part of a strategy to acquire BTC at lower prices. In the first quarter of 2024, the company sold cash-secured put options for 645.74 BTC, generating approximately ¥770 million in revenue, which is about 25.7% of its annual financial goal.

The options, set at higher prices at the quarter's start, were either exercised or expired, allowing Metaplanet to acquire BTC at favorable rates. This strategy also enabled the company to report surpassing its projected Bitcoin yield for the first quarter of 2025, achieving a 95.6% yield versus the anticipated 35%.

This impressive performance is linked to Metaplanet's Bitcoin Yield Strategy, which it introduced last year to assess how effectively its BTC reserves contribute to shareholder value despite potential share dilution.

To fund the purchase, Metaplanet recently issued zero-interest bonds worth 2 billion yen, which were fully subscribed for by institutional investors.

"We are also very proud to see increasing support from institutions for our strategy, which is focused on sustainable and long-term value creation through investing in Bitcoin," said CEO Simon Georvich in a statement.