Metaplanet Expands Bitcoin Holdings: Here's All

Metaplanet, aka Japan's MicroStrategy, confirmed the latest Bitcoin purchase in an official announcement. The company acquired 696 BTC through cash-secured put options

Japan’s MicroStrategy, aka Metaplanet Inc, is expanding its Bitcoin portfolio further with another 696 BTC purchase. The latest buy brings the company’s total holdings to 4,046 BTC, rendering it one of the largest corporate backers of the flagship crypto. Besides, it also comes amid the firm reporting robust income from its BTC holdings in the first quarter of the year.

The latest move by the Japanese firm comes as part of its broader strategy to integrate Bitcoin into its core business.

Here’s What We Know About Metaplanet’s Latest Bitcoin Purchase

Metaplanet confirmed the latest Bitcoin purchase in a statement on Monday. The company used cash-secured put options to acquire the 696 BTC at a lower effective cost.

According to the firm, the new tranche was bought for 10.152 billion yen at an average price of 14,586,230 yen per BTC. This brings its total holdings to 4,046 BTC, which were acquired at an average price of 12,943,181 yen per BTC, for a total investment of 52.368 billion yen.

The company’s Bitcoin Treasury Operations continue to be a key part of its financial strategy. By utilizing put options, the firm enhances capital efficiency, generating revenue while expanding its BTC reserves at favorable prices.

Strong Q1 Performance Boosts Metaplanet’s Bitcoin Strategy

Along with the Bitcoin purchase, Metaplanet also reported strong earnings from its Bitcoin Income Generation business. The firm earned 770.31 million yen in operating revenue through the first quarter of the year, marking an 11% increase from Q4 2024. This revenue came from structuring cash-secured BTC put options, a venture that enabled the company to generate premium income while accumulating more BTC.

The revenue boost highlights the effectiveness of Metaplanet’s focus on Bitcoin. The company is aiming to generate 3.0 billion yen from Bitcoin-related operations in 2025. Its Q1 earnings already account for 25.7% of this target, keeping it on track to reach full-year expectations.

The company's financial outlook remains strong as it continues to integrate Bitcoin into its treasury.

The company's decision to invest in Bitcoin has paid off, with the cryptocurrency's price rising sharply in recent years. As a result, Metaplanet has realized significant gains on its Bitcoin investments.

The Q1 revenue figures support its long-term plan of leveraging BTC for sustainable income. The firm expects BTC-related earnings to contribute the bulk of its total revenue, projected at 3.4 billion yen for 2025.

However, despite that, both Microstrategy and Metaplanet stocks have faced pressure recently. For context, Metaplanet stock price crashed on Monday despite unveiling its BTC buying plan worth 2 billion yen.

Following the Metaplanet’s announcement, BTC price today soared over 2.5% and exchanged hands at $84,089, while its one-day volume jumped 43% to $27.32 billion. Notably, the crypto has touched a 24-hour high and low of $84,160 and $81,314.