$69,017.00
7.80%$2,100.02
13.36%$1.74
40.18%$1.48
9.42%$635.25
8.70%$0.999921
0.00%$90.37
15.36%$0.28609
1.03%$0.105247
14.62%$1.034
0.54%$0.311591
20.04%$51.70
7.66%$512.64
5.92%$1.00
0.00%$8.76
3.59%$28.79
5.98%$9.52
16.15%$0.168271
5.18%$340.93
4.52%$1.00
0.08%$0.16864
12.51%$0.999663
-0.01%$0.00967757
3.52%$0.105817
10.60%$58.45
14.06%$257.43
5.26%$9.73
17.14%$1.00
-0.08%$1.013
17.73%$0.00000648
9.59%$0.079955
7.83%$0.118337
7.24%$1.31
0.61%$5,150.37
0.30%$4.13
23.91%$5,182.03
0.25%$1.34
-5.59%$0.632953
7.33%$1.00
0.00%$122.73
8.15%$0.00000437
11.36%$188.59
12.17%$0.72119
3.56%$0.997724
0.02%$79.16
7.27%$0.07116
9.21%$1.00
0.01%$1.25
28.47%$0.171629
5.86%$1.12
0.00%$2.25
2.58%$1.00
0.05%$0.00000165
0.70%$9.55
14.33%$0.290232
17.49%$2.53
19.38%$0.999479
-0.03%$0.117516
3.76%$0.423357
12.71%$9.02
8.78%$11.00
0.01%$0.00193068
11.77%$7.26
6.58%$0.061452
7.89%$2.01
0.72%$0.01762662
10.23%$66.68
8.14%$0.113828
16.12%$0.895149
9.04%$0.03219601
10.09%$0.094551
12.62%$3.61
7.65%$0.00987287
8.27%$0.999525
-0.01%$1.098
24.50%$1.049
27.63%$1.54
13.48%$1.24
0.29%$1.00
0.02%$114.40
0.01%$0.746939
-8.04%$1.027
0.00%$1.11
0.35%$0.03496664
4.71%$0.00807281
13.47%$1.85
11.35%$0.081045
1.13%$0.105715
14.40%$0.00000678
17.70%$0.03177893
10.79%$1.096
0.01%$0.998278
0.03%$0.165968
15.01%$1.00
0.04%$0.01296166
3.38%$0.274283
15.12%$29.01
4.25%$0.274918
6.95%$0.998803
-0.05%$0.073093
11.17%$0.00765009
19.70%$1.088
0.18%$0.716069
19.14%$1.18
0.32%$0.999879
-0.01%$35.82
10.00%$1.35
12.80%$0.40644
10.50%$0.541928
8.04%$166.93
0.61%$0.174819
14.28%$0.0446252
-3.02%$0.262081
17.43%$1.001
0.05%$1.096
7.60%$0.086115
10.52%$1.49
4.17%$0.0357596
7.16%$133.13
10.62%$0.999743
-0.00%$0.375857
16.82%$1.019
-0.12%$0.00000034
4.73%$3.36
7.46%$16.71
8.25%$0.00000033
0.68%$0.056451
6.36%$0.363752
22.10%$0.056059
11.27%$1.58
6.74%$0.01653666
0.57%$0.337126
17.10%$0.072813
10.97%$3.20
1.56%$0.02879683
12.47%$0.00003184
14.22%$0.00605413
8.81%$0.994822
0.01%$0.341162
14.59%$0.132708
12.93%$0.053615
11.38%$0.994775
0.28%$17.43
2.08%$0.236136
13.37%$0.077793
12.54%$0.00281082
11.39%$1.43
-3.05%$6.89
14.98%$1.60
-2.43%$0.111502
27.59%$0.04617913
10.81%$0.136138
-6.17%$0.093139
18.93%$0.0024942
0.25%$0.02209049
9.76%$0.328459
1.43%$1.40
12.98%$0.998119
-0.03%$0.226569
15.86%$1.79
5.62%$0.0022417
4.82%$0.999999
-0.00%$0.524828
5.59%$1.32
11.69%$0.98597
-0.26%$0.999811
-0.01%$1.075
0.01%$22.79
0.00%$0.205494
12.83%$0.00003739
7.00%$0.099097
0.42%$2.87
10.67%$0.00000096
0.65%$0.103174
15.80%$0.938033
40.25%$5,214.59
-4.56%$0.200365
5.00%$0.054322
5.13%$0.00411245
17.07%$0.193587
13.77%$0.00515159
8.61%$0.02058312
7.30%$0.126747
9.11%$1.00
0.00%$4.26
16.66%$0.080231
0.60%$0.813191
5.17%$19.10
7.60%$1.99
14.78%$1.00
0.00%$9.04
-4.47%$0.659244
12.95%$0.17537
18.15%$0.055634
10.67%$2.21
13.01%$0.999136
0.00%$2.11
1.43%$0.02330876
1.30%$0.04432358
12.80%$1.82
1.45%$0.00000815
8.87%$48.01
0.01%$0.01976193
-1.23%$3.43
2.30%$1.26
0.81%$0.156328
7.32%$0.180954
14.76%$0.341964
12.49%$0.9474
-4.77%$0.425142
9.75%$0.99443
-0.60%$0.999202
0.07%$1.013
-0.02%$0.307746
0.76%$0.662749
4.56%$4.77
11.78%$0.098531
13.40%$0.084865
9.51%$0.269732
7.95%$0.626388
6.11%$0.133866
7.60%$0.083018
14.41%$0.301447
8.15%$0.02334687
-7.94%$0.132261
6.71%$1,096.63
-0.09%$0.377678
3.84%$0.00152738
5.02%$0.259997
5.74%$0.00415097
6.10%$0.31323
-0.81%$0.072855
-2.20%$0.225616
4.35%$1.91
3.30%$11.28
-2.08%$0.131689
1.07%$0.995486
-0.03%$2.47
10.20%$0.204831
9.31%$1.001
0.00%$0.342842
4.13%$1.48
3.70%$11.95
2.30%$1.00
0.00%$1.062
-0.01%$0.113836
11.70%$0.999829
-0.00%$0.989576
-3.69%
Tokyo Stock Exchange-listed firm Metaplanet just grabbed another 696 Bitcoin (BTC)—its most recent step in a bid to build one of the largest corporate Bitcoin treasuries in the world.
The Japanese investment company said it had acquired the coins as part of its Bitcoin Income Generation strategy, which involves selling put options and using the collateral to purchase Bitcoin at an effective discount, in a statement released Tuesday.
*Metaplanet Purchases Additional 696 $BTC* pic.twitter.com/ppnm8ZNH5X
— Metaplanet Inc. (@Metaplanet_JP) April 1, 2025
Metaplanet acquired 645.74 BTC when cash-secured put options they sold were exercised, and received 50.26 BTC as premiums from selling those options—bringing the total to 696 BTC added in the quarter, the company said.
“Cash-secured” refers to the company reserving sufficient capital upfront to fulfill its obligation to purchase Bitcoin if the put options are exercised.
That strategy generated over $5.1 million (¥770 million) in premiums in Q1 2025 alone—an 11.4% increase from the previous quarter—while also enabling the company to acquire Bitcoin at an effective price of just $88,800 per coin (¥13.48 million), below market rates at the time of execution.
While the acquisition nominally cost $96,000 (¥14.58 million) per BTC, the premium income reduced the net cost—demonstrating what Metaplanet called “improved BTC acquisition efficiency.”
Tuesday’s announcement is the latest in a string of moves that point to Metaplanet’s transformation into a full-blown Bitcoin treasury.
The company has now amassed 3,896 BTC through a mix of strategic options trading and capital raises. At current prices, its Bitcoin holdings are worth over $324 million.
The latest acquisition officially places the firm as the ninth-largest corporate Bitcoin holder globally, just behind tech heavyweights like Tesla and Block, according to BitcoinTreasuries.net.
To fund its accumulation, Metaplanet approved a $13.3 million (¥2 billion) zero-coupon bond issuance on March 31.
That followed a $25.9 billion raise completed in February through unsecured bonds and stock acquisition rights issued to EVO FUND.
Edited by Stacy Elliott.
