Japan’s publicly listed bitcoin treasury company, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), announced on April 1 that it had increased its bitcoin reserves by 696 $BTC during the first quarter of fiscal year 2025. The acquisition was carried out through the company’s Bitcoin Income Generation business, which utilizes a strategy of selling cash-secured put options to generate income and accumulate bitcoin at advantageous prices.
The firm disclosed that the bitcoin was purchased at an average price of 14,586,230 yen per bitcoin, totaling 10.152 billion yen in value. These transactions bring 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 option-selling strategy, noting that it received 770,351,229 yen in premium income during the quarter, which is equivalent to 50.26 BTC. Metaplanet stated
A total of 696.00 BTC was added to the company’s holdings under this strategy during the quarter.
