Metaplanet Expands BTC Holdings to 4,046 BTC Through Strategic Acquisitions and Revenue Generation
Despite the growth, Metaplanet’s stock price fell by 1.22% as BTC traded at $85,120.92.
Japan’s MicroStrategy, Also Known as Metaplanet Inc., Continues to Strengthen Its Bitcoin [BTC] Acquisition Strategy
The company recently added an additional 696 BTC to its holdings, bringing its total stash to 4,046 BTC.
This latest purchase was made at an approximate price of ¥14.6 million (or $97,500) per Bitcoin, costing the company about ¥10.15 billion.
It is noteworthy that the average purchase price of Metaplanet’s total Bitcoin reserves is $86,500.57 per coin.
Metaplanet’s Approach Behind Its Bitcoin Strategy
Metaplanet employs a strategic approach to fund its Bitcoin acquisitions in the first quarter by selling cash-secured BTC PUT options (which can yield profit if the underlying asset declines).
These options were written at the beginning of the quarter when Bitcoin surged above $100,000, allowing the company to generate stable income while accumulating BTC.
In addition to the recent Bitcoin purchase, Metaplanet reported strong financial performance, with operating income from its Bitcoin revenue generation business reaching ¥770.31 million, an 11% increase over Q4 2024.
By utilizing structured BTC PUT options, the company successfully generated premium income while expanding its Bitcoin holdings.
Metaplanet’s Statement on April 2
In the same statement, Metaplanet said:
“Relative to direct spot purchases at the time, this strategy has allowed the company to deploy more Bitcoin daily – benefiting from premium income and a reduced effective cost basis.”
Looking Ahead on Metaplanet’s Roadmap
That said, Metaplanet’s Bitcoin-driven strategy has proven effective, covering 25.7% of its 2025 revenue target, amounting to ¥3 billion from BTC-related business.
Now, as the company continues to leverage BTC as a treasury asset, it anticipates reaching a total revenue of ¥3.4 billion by 2025, further solidifying its position in the cryptocurrency investment space.
In fact, with the latest acquisition, Metaplanet is now the ninth largest public Bitcoin holder, according to Bitcoin treasury data.
Market Trends Still in Focus
Needless to say, Metaplanet’s Bitcoin investment strategy continues to reflect MicroStrategy’s investments, thereby enhancing its status as the Japanese equivalent of Michael Saylor’s company.
Although MicroStrategy recently purchased 22,048 BTC valued at $1.92 billion, Metaplanet has also been steadily accumulating Bitcoin.
However, despite Metaplanet’s stock reflecting positive BTC acquisitions, it fell by 1.22% to ¥404 on April 2, according to Google Finance.
At the same time, Bitcoin remains resilient, trading at $85,120.92 after a 1.02% increase, according to CoinMarketCap.
Thus, as Metaplanet remains committed to its Bitcoin-centric approach, its stock price is expected to positively reflect this commitment sooner or later.
