The bitcoin treasury company listed on the Japanese stock exchange, Metaplanet Inc, announced on April 1 that they have increased their bitcoin reserves by 696 BTC during the first quarter of 2025.
The acquisition of the cryptocurrency was made through the company's Bitcoin Income Generation business, which uses a cash-secured put option selling strategy to generate income and accumulate bitcoin at advantageous prices.
This transaction brings Metaplanet's total bitcoin holdings to 4,046 BTC, with a cumulative average cost of 12,943,181 yen per coin.
The company detailed the performance of its options selling strategy, noting that the company received premium income of 770,351,229 yen during the quarter, equivalent to 50.26 BTC.
Metaplanet stated: "A total of 696 BTC was added to the company’s holdings based on this strategy during the quarter,"
The effective cost of acquiring Bitcoin, when accounting for premium income, decreased to 13,479,404 yen per bitcoin. This figure is below the market price at the time this option was initiated.
