Metaplanet Doubles Bitcoin Holdings to Over 4,000 BTC with Strategic Acquisition Strategy

Tokyo-based firm Metaplanet has further expanded its Bitcoin holdings, acquiring an additional 696 BTC through its Bitcoin Income Generation business. The company executed this purchase using cash-secured put options, a tactic that allowed it to acquire Bitcoin at below-market prices while simultaneously generating premiums. This latest acquisition brings the total value of their Bitcoin holdings to approximately $73.5 million and increases their BTC reserves by nearly 10.15 billion yen (nearly 73.5 million USD).