Metaplanet Expands Bitcoin Holdings by 696 BTC, Boosts Q1 Earnings by 11%

Japan’s Metaplanet Inc. has expanded its Bitcoin holdings by acquiring an additional 696 BTC, bringing its total holdings to 4,046 BTC. This purchase was made through cash-secured put options, a strategy that allows the company to buy BTC at a lower effective cost. The new acquisition cost 10.152 billion yen, with an average price of 14,586,230 yen per BTC. This brings its total holdings to 4,046 BTC, acquired at an average price of 12,943,181 yen per BTC, for a total investment of 52.368 billion yen.

The company’s Bitcoin Treasury Operations continue to play a crucial role in its financial strategy. By utilizing put options, the firm enhances capital efficiency, generating revenue while expanding its BTC reserves at favorable prices. This strategy has been particularly effective in the first quarter of the year, where Metaplanet reported robust earnings from its Bitcoin Income Generation business. The firm earned 770.31 million yen in operating revenue, marking an 11% increase from the previous quarter. This revenue came from structured cash-secured BTC put options, a strategy allowing the company to generate premium income while acquiring BTC.

The revenue boost highlights the effectiveness of Metaplanet’s Bitcoin-centric approach. The company aims to generate 3.0 billion yen from Bitcoin-related operations in 2025. Its Q1 earnings already account for 25.7% of this target, keeping it on track to meet full-year expectations. Metaplanet’s financial outlook remains strong as it continues using Bitcoin as a treasury asset. The company’s decision to integrate BTC into its core business strategy has resulted in significant gains. The Q1 revenue figures support its long-term plan of leveraging BTC for sustainable income. The firm expects BTC-related earnings to contribute the bulk of its total revenue, projected at 3.4 billion yen for 2025.

Metaplanet is often regarded as Japan’s MicroStrategy as it follows Michael Saylor’s firm’s BTC adoption strategy. MicroStrategy is one of the leading players that has been actively acquiring Bitcoin and recording massive gains from it. Recently, MicroStrategy revealed that it has acquired 22,048 BTC for $1.92 billion. This brings its total holdings to 528,185 Bitcoin, reflecting the firm’s strong focus on the flagship crypto. However, despite that, both MicroStrategy and Metaplanet stocks have faced pressure recently. For context, Metaplanet stock price crashed on Monday despite unveiling its BTC buying plan worth 2 billion yen.