Metaplanet Invests in Bitcoin: Strategic Purchases Drive Portfolio Growth

Japan-based hotel company Metaplanet has expanded its cryptocurrency holdings significantly through a strategic purchase of 696 BTC, bringing its total Bitcoin holdings to 4,046. This move aligns with the company’s commitment to investing in digital assets and optimizing its portfolio. The acquisition was conducted at an average price of 14.6 million yen, totaling 10.15 billion yen in value. To fund these purchases, Metaplanet utilized a unique strategy of selling cash-backed BTC put options, generating additional income during periods of high market prices. This approach enabled the company to acquire Bitcoin more efficiently.