Metaplanet Increases Crypto Portfolio by 696 BTC, Spending Almost $68 Million
Date: 2025-04-02 Author: Gabriel Deangelo Categories: BUSINESS
On April 1, 2025, Metaplanet announced the acquisition of 696 bitcoins, which cost the company $67.9 million. The average cost of one coin was approximately $97,500.
The deal was financed by selling previously issued put options secured by cash. According to The Block, the company used $62.7 million as collateral, which allowed it to purchase more bitcoins compared to traditional spot transactions. Thus, Metaplanet was able to significantly replenish its crypto portfolio.
Taking into account the new acquisition, the company's total bitcoin balance reached 4,046 BTC, which is estimated at approximately $340 million at the time of publication. Earlier in Q1 2025, Metaplanet received 50.26 BTC through option sales, which also contributed to the increase in crypto assets.
The news of the purchase of bitcoins had a positive effect on the price of the company's shares - they rose by about 2% in 24 hours, according to Yahoo Finance. At the same time, the price of bitcoin continues to remain at around $84,000.
Recall that not long ago, on March 24, Metaplanet invested $12.6 million to purchase an additional 150 BTC, confirming its strategy of long-term accumulation of cryptocurrency.
