Metaplanet Buys Another 696 BTC After Robust Q1 Income

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Japan-based Metaplanet bought an additional 696 Bitcoin earlier today to push its total holdings to 4,046 BTC after the firm reported robust income from its Bitcoin holdings in the first quarter of this year.

According to an April 1 announcement, the firm’s latest acquisition was executed at an average purchase price of 14,586,230 yen, or around $97,512 per Bitcoin.

Metaplanet Generated Over 770M Yen Through Bitcoin Options

Alongside the BTC purchase, Metaplanet also announced that it earned 770.3 million yen in revenue from Bitcoin put options that it bought at the beginning of the quarter. These options are futures contracts that bet on the price of the underlying asset going down.

Metaplanet has acquired 696 BTC, increasing total holdings to 4,046 BTC. Our Bitcoin Income Generation business delivered ¥770 million in Q1 revenue. BTC Yield YTD reached 95.6%. pic.twitter.com/Kp92NntKti

— Simon Gerovich (@gerovich) April 1, 2025

Back when Metaplanet wrote the contracts, the Bitcoin price stood at all-time highs above $100K. Since then, the largest crypto by market cap has dropped considerably to trade at $83,996.43 as of 6:53 a.m. EST.

Metaplanet 405 BTC Away From Becoming The 9th Biggest Corporate Holder Globally

Metaplanet is currently the 10th biggest corporate Bitcoin holder globally and the biggest corporate holder in Asia, according to data from Bitcointreasuries.net. This puts it alongside other major companies that hold Bitcoin, including Strategy (previously MicroStrategy), Tesla, MARA Holdings, Riot Platforms, and Coinbase Global.

With the recent purchase, Metaplanet is now just 405 BTC away from claiming the title as the 9th largest corporate holder from Bitcoin Group.

Investors reacted positively to Metaplanet’s BTC buy announcement. Google Finance data shows that the company’s shares are up 2% today. The stock had plunged 8% yesterday after Metaplanet announced a 2 billion yen plan to buy more Bitcoin.

Metaplanet’s shares are up more than 2,000% since the company started building its Bitcoin stockpile in April last year.

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