Metaplanet Buys $28 Million Worth of Bitcoin via Strategic Options

Metaplanet Inc., a Tokyo-based company, generated $5.15 million in operating revenue during the first quarter of 2025 by utilizing its Bitcoin Income Generation program. This program leverages cash-secured Bitcoin put options to generate income and increase long-term Bitcoin holdings. The company used nearly 9.4 billion yen in cash collateral for this strategy, generating over 50 BTC in option premiums and acquiring an additional 645 BTC through option exercise.