Tokyo Inventory Change-listed agency Metaplanet simply grabbed one other 696 Bitcoin (BTC)—its most up-to-date step in a bid to construct one of many largest company Bitcoin treasuries on this planet.
The Japanese funding firm mentioned it had acquired the cash as a part of its Bitcoin Revenue Technology technique, which includes promoting put choices and utilizing the collateral to buy Bitcoin at an efficient low cost, in a press release launched Tuesday.
Metaplanet acquired 645.74 BTC when cash-secured put choices they offered have been exercised, and obtained 50.26 BTC as premiums from promoting these choices—bringing the full to 696 BTC added within the quarter, the corporate mentioned.
“Money-secured” refers back to the firm reserving ample capital upfront to meet its obligation to buy Bitcoin if the put choices are exercised.
That technique generated over $5.1 million (¥770 million) in premiums in Q1 2025 alone—an 11.4% improve from the earlier quarter—whereas additionally enabling the corporate to amass Bitcoin at an efficient worth of simply $88,800 per coin (¥13.48 million), beneath market charges on the time of execution.
Whereas the acquisition nominally price $96,000 (¥14.58 million) per BTC, the premium revenue diminished the web price—demonstrating what Metaplanet referred to as “improved BTC acquisition effectivity.”
Tuesday’s announcement is the most recent in a string of strikes that time to Metaplanet’s transformation right into a full-blown Bitcoin treasury.
The corporate has now amassed 3,896 BTC via a mixture of strategic choices buying and selling and capital raises. At present costs, its Bitcoin holdings are price over $324 million.
The most recent acquisition formally locations the agency because the ninth-largest company Bitcoin holder globally, simply behind tech heavyweights like Tesla and Block, in line with BitcoinTreasuries.internet.
To fund its accumulation, Metaplanet authorized a $13.3 million (¥2 billion) zero-coupon bond issuance on March 31.
That adopted a $25.9 billion increase accomplished in February via unsecured bonds and inventory acquisition rights issued to EVO FUND.
Edited by Stacy Elliott.
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