Metaplanet, a Tokyo Stock Exchange-listed firm, has expanded its Bitcoin holdings to 3,896 BTC, now valued at over $324 million, following a recent purchase of 696 BTC. This acquisition was part of their Bitcoin Income Generation strategy, which includes selling cash-secured put options. In the first quarter of 2025, Metaplanet generated over $5.1 million in premiums from these options, allowing it to buy Bitcoin at an effective price below market rates. The company issued a two billion yen ($13.3 million) bond to fund these investments. Their recent maneuvers have solidified their position as the ninth-largest corporate holder of Bitcoin, closely following major companies like Tesla and Block.
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