Metaplanet acquired 696 Bitcoin in Q1 by executing a put options strategy, securing an effective purchase price of 13.48 million yen per BTC.
Tokyo-based Metaplanet Inc. acquired 696 Bitcoin (BTC) in the first quarter of 2025 through its Bitcoin Income Generation business, a program focused on selling cash-secured Bitcoin put options, the firm said in a regulatory filing on April 1.
In the document, the firm stated that it earned 770.35 million yen (around $5.15 million) in operating revenue from the strategy, which it described as a way to “generate recurring revenue while increasing long-term Bitcoin holdings.”
According to the report, Metaplanet deployed 9.386 billion yen in cash collateral, receiving over 50.26 BTC in option premiums, while an additional 645.74 BTC the firm acquired when some options were exercised.
Metaplanet said its Bitcoin Income Generation business aims to monetize Bitcoin volatility while supporting its capital plans and operates separately from its long-term Bitcoin holdings.
With its Q1 results, the company shared that it has reached 25.7% of its 3 billion yen full-year revenue goal for this business, adding that any future capital deployment would be decided at the discretion of management.
Metaplanet bought the Bitcoin shortly after raising 2 billion yen through its 10th Series of Ordinary Bonds, which was fully allocated to EVO FUND for more Bitcoin purchases. Since it began accumulating Bitcoin, its stock has surged over 3,000%, suggesting strong market interest. As crypto.news reported earlier, the firm aims to hold 21,000 BTC by 2026.
