Metaplanet Expands Bitcoin Reserves, Now Holding Over 4,000 BTC with Additional 696 BTC Purchased

Metaplanet Increases Bitcoin Holdings to Over 4,000 BTC, Adds 696 BTC to Its Portfolio

Japanese hotel operator Metaplanet (3350) has boosted its Bitcoin holdings by 696 BTC, valued at $58.5 million, pushing its total Bitcoin stash to 4,046 BTC.

The company made the acquisition at an average price of approximately 14.6 million yen ($97,500) per Bitcoin, spending a total of 10.15 billion yen. On average, Metaplanet’s entire Bitcoin portfolio was acquired at a price of $86,500.57 per coin.

In the first quarter of 2025, Metaplanet financed its Bitcoin purchases by selling cash-secured BTC put options—futures contracts that bet on the decline of Bitcoin prices. These options were sold during a time when Bitcoin was surging to new all-time highs above $100,000. The strategy generated 770.3 million yen in revenue for the company.

Metaplanet explained that this strategy allowed the company to acquire more Bitcoin per yen spent compared to direct spot market purchases, benefiting from premium income and reducing its effective cost basis.

With this latest purchase, Metaplanet now ranks as the ninth-largest publicly listed Bitcoin holder, based on data from Bitcoin Treasuries.

Following the announcement, Metaplanet’s Tokyo-listed shares closed up 2%, reaching 409 yen, outperforming the Nikkei 225, which remained flat on the day.