Metaplanet's latest Bitcoin purchase totals 748.502 BTC, reflecting a strategic investment.
The firm utilizes put options alongside Bitcoin purchases to generate additional yield.
Metaplanet joins Nexon and Meitu as key Asia-based public companies investing in Bitcoin.
Tokyo-based Metaplanet Inc. announced its latest acquisition of Bitcoin, purchasing an additional 108.999 BTC for approximately ¥1 billion, equivalent to $6.5 million.
This recent investment increases the company’s total Bitcoin holdings to 748.502 BTC, demonstrating its ongoing commitment to the leading cryptocurrency.
https://twitter.com/BitcoinMagazine/status/1844538818671661382
Metaplanet’s strategic approach extends beyond merely accumulating Bitcoin; the firm actively employs a sophisticated financial strategy by selling put options alongside its purchases. This method aims to generate additional yield while potentially capitalizing on price declines.
The latest acquisition follows earlier investments in October, which totaled ¥6.9 billion or around $46.8 million. Based on Bitcoin's price of $60,420, the company’s current Bitcoin assets now represent roughly $45.2 million.
Financial analysts note that Metaplanet’s strategy, which involves selling put options, allows it to effectively "bottom-fish" in the event of a price drop, showcasing a level of financial acumen that sets it apart from many of its peers in the industry.
As one of only three publicly traded companies in Asia that have adopted Bitcoin for their treasury reserves, Metaplanet joins Nexon and Meitu. The company began its Bitcoin acquisition strategy in April 2024 and has since positioned its investments to maximize shareholder value.
This strategy initially saw the company’s stock price rise significantly, from ¥ $190 to a peak of ¥ $1,008. However, the stock has recently stabilized at around $6.40.
Metaplanet’s approach mirrors that of MicroStrategy, a well-known U.S. software firm recognized for its substantial Bitcoin holdings. Both companies have integrated Bitcoin as a core asset in their treasury management.
Moreover, Metaplanet’s latest acquisitions coincide with a period of relative strength for the Japanese yen against the U.S. dollar, suggesting a strategic advantage for the firm in its currency decisions.
Metaplanet's Bitcoin purchases represent a broader trend among companies increasingly incorporating cryptocurrency into their long-term investment strategies.
Notably, Tesla and Block Inc. have previously made substantial investments in Bitcoin, contributing to the growing trend of traditional firms embracing digital currencies as part of their financial portfolios.
