Metaplanet, a Japanese investment company, has announced on social media platform X (formerly known as Twitter), purchase of additional 696 Bitcoin (BTC) today, April 1, 2025. With this purchase, the total Bitcoin reserve for the company has reached to 4,046 BTC.
According to the post made on X, this purchase has been valued at approximately 10.152 billion yen which is around $67.85 million, with an average purchase price of 14,586,230 yen which is about $97,490 per coin.
The company had recently announced its plans for accumulating 10,000 BTC by the end of 2025 and increase this number to 21,000 BTC by the end of 2026. From this data it can be deduced that with the current purchase, Metaplanet has purchased 40.46% of its target BTC with the recent buying.
Metaplanet Issues Zero-Interest Bonds
The company has also issued zero-interest bonds worth 2 billion yen (approximately $13.3 million). These bonds have been bought to fund future purchases of BTC and will be maturing by September 30, 2025, following the footsteps of Strategy (formerly known as MicroStrategy), aiming to build a Bitcoin treasury.
Metaplanet Releases Q1 Results of the Bitcoin Income Generation Business
Moreover, Metaplanet also released a report that shows the results for its Bitcoin Income Generation business in Q1 of 2025. According to the released report the company earned approximately 770.25 million yen in operating revenue by selling cash-secured Bitcoin put options. This indicates an increase of 11.4% when compared with Q4 of FY2024.
With the investment made in BTC, the company has allocated 9.386 billion yen in cash collateral and has earned 50.26 BTC as option premiums. The company’s total acquisition cost for the quarter has been been 10.152 billion yen, with Bitcoin now integrated into its long-term treasury holdings. This move has helped Metaplanet, which posted its first operating profit since 2017 in 2024.
CEO Simon Gerovich emphasized that the company is focused towards leveraging the financial instrument while increasing Bitcoin adoption in Japan and around the globe. The company’s strategy is in line with bullish market forecast which predicts that the Bitcoin price could exceed up to $200,000 in 2025.
After all these developments, the Bitcoin token has experienced a slight uptick. At press time, the price of the token stands at $84,154.84 with a surge of 2.7% in the last 24 hours, according to CoinGecko.
