Metaplanet boosts its Bitcoin holdings to 639.50 BTC with an additional ¥1 billion investment in 108.78 BTC.
The company’s sale of 223 Bitcoin put options generated 23.97 BTC in premium income, enhancing its digital asset strategy.
Metaplanet’s "Bitcoin First, Bitcoin Only" approach highlights its commitment to BTC as a hedge against inflation and economic uncertainty.
Japanese public company Metaplanet Inc. has increased its Bitcoin reserves by purchasing an additional 108.78 Bitcoin (BTC) worth ¥1 billion. This recent acquisition aligns with the company’s ongoing strategy of building its digital assets portfolio.
https://twitter.com/Metaplanet_JP/status/1843125310600184288
The new purchase was made at an average price of ¥9,192,359 per Bitcoin, boosting Metaplanet's total Bitcoin holdings to 639.50 BTC. The company has spent approximately ¥5.97 billion in its BTC acquisition efforts, signalling its continued focus on accumulating the cryptocurrency despite market fluctuations.
Strategy of Selling Bitcoin Put Options
Last week, Metaplanet also disclosed a Bitcoin options transaction with QCP Capital. The company sold 223 BTC put options, generating 23.97 Bitcoin in premium income. This strategy allows Metaplanet to earn income while positioning itself to acquire more Bitcoin if market conditions align.
CEO Simon Gerovich explained that this approach supports the company’s long-term goal of increasing Bitcoin reserves. By utilizing financial instruments like put options, the company can capitalize on Bitcoin’s price volatility while maintaining financial flexibility.
Bitcoin-Centric Approach Continues
In April 2024, Metaplanet introduced a bold strategy, “Bitcoin First, Bitcoin Only,” prioritizing Bitcoin over traditional assets such as the Japanese yen. This strategic shift reflects the company’s belief in Bitcoin as a hedge against inflation and uncertain economic conditions.
Metaplanet’s consistent Bitcoin acquisitions, regardless of price fluctuations, demonstrate the company’s dedication to this approach. Additionally, the company’s acquisition strategy offers Japanese investors a unique opportunity to gain exposure to Bitcoin, providing a potential hedge in an evolving economic landscape.
Focus on Tax Efficiency and Long-Term Stability
Metaplanet’s Bitcoin-centric approach offers Japanese investors a tax-efficient route to engage with digital assets. Despite Bitcoin's price volatility, the company continues to expand its reserves, reinforcing its long-term financial planning. This strategy highlights Metaplanet’s commitment to using Bitcoin as a key asset for stability in times of economic uncertainty.
