Metaplanet Goes Big on Bitcoin: Snags 696 BTC in Q1 with Savvy Put Options Play

Tokyo Firm's Bold Move Pays Off Big Time

Hang onto your hats, crypto fans! Metaplanet, the Tokyo-based powerhouse, just dropped a bombshell: they scooped up a whopping 696 Bitcoin in the first quarter of 2025. How'd they do it? By pulling off a slick put options strategy through their Bitcoin Income Generation business. Talk about making moves!

According to their April 1 regulatory filing, these guys are all about selling cash-secured Bitcoin put options. And guess what? It's paying off big time. They raked in a cool 770.35 million yen (that's around $5.15 million, folks) in operating revenue from this genius strategy. They're calling it a way to "generate recurring revenue while increasing long-term Bitcoin holdings." Smart, right?

Here's how they did it: Metaplanet threw down 9.386 billion yen in cash collateral and snagged over 50.26 BTC in option premiums. But wait, there's more! They also picked up an extra 645.74 BTC when some of those options got exercised. Cha-ching!

But Metaplanet isn't just in it for the quick buck. Their Bitcoin Income Generation business is all about riding the wild waves of Bitcoin volatility while keeping their capital plans on track. And get this: it's a totally separate operation from their long-term Bitcoin stash.

With their Q1 results, the company's already hit 25.7% of their 3 billion yen full-year revenue goal for this business. And they're not stopping there. Any future cash splashes will be up to the big bosses at Metaplanet.

Oh, and did we mention they just raised 2 billion yen through their 10th Series of Ordinary Bonds? Every penny went straight to EVO FUND for more Bitcoin buys. Since they started stacking sats, their stock has skyrocketed over 3,000%. The market's clearly loving what Metaplanet's doing. And they've got their sights set on holding a massive 21,000 BTC by 2026. Buckle up, because Metaplanet is just getting started!