$69,060.00
7.03%$2,068.63
11.33%$1.63
30.54%$1.46
7.59%$631.71
7.21%$1.00
0.00%$89.39
13.52%$0.285834
0.96%$0.104029
12.84%$1.035
0.53%$0.308635
18.40%$51.55
6.66%$514.91
6.50%$1.00
0.00%$8.74
3.26%$28.66
4.94%$9.42
14.16%$339.81
5.34%$0.164233
1.69%$0.998948
-0.04%$0.167422
10.81%$1.00
0.04%$0.00962447
2.02%$0.105435
9.80%$58.01
12.62%$257.66
4.73%$9.68
15.69%$0.999818
-0.09%$1.012
16.37%$0.00000645
8.70%$0.079641
6.65%$1.33
0.60%$0.117271
6.27%$5,165.35
0.24%$4.08
22.11%$5,197.63
0.21%$1.35
-4.95%$0.626806
6.09%$1.00
0.00%$122.95
7.29%$0.00000435
10.38%$186.13
9.69%$0.718039
2.59%$0.997806
0.03%$78.73
6.46%$1.00
0.01%$0.070694
8.35%$1.23
26.01%$1.12
0.00%$0.17121
4.72%$2.25
2.53%$1.00
0.01%$0.00000165
0.54%$9.47
12.62%$0.286276
14.60%$2.49
16.96%$0.999309
-0.06%$0.117507
3.94%$0.423301
12.24%$8.94
7.71%$11.00
0.01%$7.20
6.40%$0.00192106
9.10%$2.07
3.78%$0.061522
7.96%$66.24
6.72%$0.112113
13.31%$0.01667445
2.16%$0.88716
7.76%$0.03201635
9.18%$1.099
32.81%$0.094436
11.86%$3.60
6.08%$1.004
0.44%$0.00979151
6.54%$1.095
23.54%$1.52
11.43%$1.24
0.20%$0.757302
-10.33%$1.001
0.05%$114.40
0.01%$1.027
0.00%$1.11
0.40%$0.00804377
12.39%$0.03460709
3.56%$1.83
13.12%$0.08096
1.03%$0.104716
12.64%$0.00000661
13.54%$0.0318678
11.06%$1.096
0.01%$1.001
0.33%$0.163596
12.59%$1.00
0.04%$0.01296093
3.37%$28.95
3.62%$0.273088
14.08%$0.276892
5.17%$0.999568
0.01%$0.072873
10.06%$1.087
-0.18%$0.714928
17.47%$0.00745321
15.63%$1.18
0.39%$1.00
0.00%$35.65
8.47%$1.34
11.45%$0.403198
9.29%$167.47
0.92%$0.533432
2.32%$0.04441643
-3.57%$0.172439
12.17%$0.26263
17.13%$1.00
0.01%$1.10
7.45%$1.49
3.60%$0.085259
9.26%$0.03564582
5.24%$132.84
9.78%$0.999832
-0.00%$0.372317
13.30%$1.02
-0.13%$3.35
5.77%$0.00000034
3.90%$16.76
9.05%$0.056623
7.02%$0.00000033
0.54%$0.367377
21.97%$0.056202
10.51%$1.58
5.26%$0.01651606
0.48%$3.20
1.68%$0.072332
9.72%$0.332406
13.10%$0.02858989
10.22%$0.00003141
11.75%$0.00602009
8.02%$0.999432
0.19%$0.336087
12.03%$0.053377
10.50%$0.996133
0.40%$0.129455
9.90%$17.45
2.38%$0.231604
12.64%$0.077049
11.16%$0.00278937
10.25%$1.41
-3.56%$6.84
14.05%$1.60
-2.34%$0.139029
1.99%$0.04623396
10.45%$0.00249423
0.31%$0.092152
16.77%$0.107906
22.12%$0.02221719
9.71%$1.39
12.54%$0.320177
-3.14%$1.004
0.58%$0.222462
12.44%$1.77
4.93%$1.00
0.00%$0.00222982
6.10%$0.986105
-0.25%$0.522975
4.50%$1.00
0.01%$1.30
10.16%$1.075
0.01%$22.79
0.00%$0.205565
11.79%$0.099911
-0.28%$0.0000374
6.82%$2.87
10.56%$0.00000096
0.49%$0.102487
13.84%$5,239.08
-2.54%$0.941793
51.29%$0.197908
2.65%$0.194787
16.53%$0.053935
4.17%$0.02074858
7.91%$0.00513171
7.01%$1.00
0.00%$0.00399835
12.87%$0.125965
8.46%$0.080143
0.70%$4.25
16.20%$18.99
7.04%$1.98
14.42%$1.00
0.00%$0.651906
10.79%$0.77794
0.62%$0.05573
9.55%$0.173837
15.79%$2.19
11.82%$1.003
0.38%$2.13
2.06%$8.73
-9.00%$0.0232614
1.40%$0.04409937
11.38%$1.81
1.06%$0.01995816
-0.53%$48.01
0.02%$0.0000081
8.06%$3.41
-1.74%$1.26
1.12%$0.156444
7.36%$0.181216
14.19%$0.339368
9.90%$0.947317
-4.78%$1.002
-0.03%$0.998826
0.03%$0.424416
9.16%$1.013
-0.01%$0.663315
4.52%$0.306187
0.08%$4.75
10.97%$0.098492
12.38%$0.084401
8.39%$0.625955
5.09%$0.134406
7.90%$0.268639
6.88%$0.083289
13.84%$0.02327865
-7.20%$0.299607
6.31%$0.131412
4.65%$1,097.76
0.01%$0.074705
0.27%$0.376768
3.45%$0.315353
-0.29%$0.0015117
3.40%$11.58
-2.47%$0.225091
3.25%$1.92
2.72%$0.00407855
4.44%$0.13132
0.61%$0.250115
1.37%$0.205128
7.90%$0.99541
-0.01%$2.44
8.30%$1.001
0.00%$0.343396
4.33%$7.64
-11.86%$12.15
4.25%$1.46
2.27%$1.067
0.39%$1.001
0.05%$1.001
-2.93%$0.999937
-0.01%
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.
