Metaplanet’s Bitcoin Reserves Hit Record High as BTC Yield Climbs to 155.8% in Q4

• Metaplanet’s BTC holdings now surpass 1,000 BTC, making it a top corporate Bitcoin holder in Asia.
• BTC Yield rose to 155.8%, reflecting an enhanced shareholder value from Metaplanet’s Bitcoin acquisition strategy.
• Strategic options trading added 5.9 BTC to Metaplanet’s reserves, strengthening its treasury with revenue from Bitcoin volatility.

Metaplanet Inc. has intensified its Bitcoin acquisition, recently purchasing an additional 156.78 BTC, aiming to increase its corporate treasury holdings. Led by CEO Simon Gerovich, the company now holds over 1,000 BTC, making it one of Asia’s largest corporate Bitcoin holders. 

With an average purchase price of 10.2 million yen per Bitcoin, this latest acquisition totaled approximately 1.6 billion yen, boosting Metaplanet’s growing Bitcoin reserves. The company’s cumulative Bitcoin holdings now stand at 1,018.17 BTC, acquired at an average price of 9.45 million yen each.

BTC Yield Surges as Shareholders See Increased Returns

Metaplanet has introduced BTC Yield, a KPI used to measure the ratio change in Bitcoin holdings relative to its fully diluted shares outstanding. The metric, representing shareholder value impact from Bitcoin holdings, reached a 155.8% increase for the period ending October 28, 2024, up significantly from a previous yield of 41.7% for the quarter ending September 30, 2024. BTC Yield emphasizes the firm’s commitment to an accretive strategy for shareholders, as the company closely monitors the impact of its Bitcoin acquisitions on overall corporate value.

Strategic Moves in Capital Markets to Fuel Bitcoin Acquisition

Since April, Metaplanet has engaged in a series of capital markets activities to support its Bitcoin acquisition objectives. In April, the Board authorized the transfer of 467,500 units of the 9th Series Stock Acquisition Rights to multiple investors, raising 1.34 billion yen in capital. 

In June, Metaplanet issued 1 billion yen in bonds, securing funds for strategic Bitcoin purchases. Subsequently, an additional loan of 1 billion yen in August from MMXX Ventures further expedited these acquisitions, helping Metaplanet solidify its Bitcoin strategy with timely repayments from shareholder capital.

Options Trading Enhances Bitcoin Revenue Generation

In recent weeks, Metaplanet diversified its strategy by rolling up Bitcoin put options, a move that yielded an additional 5.9 BTC in revenue. By repurchasing existing put options and selling new ones at higher strike prices, the company capitalized on Bitcoin volatility while retaining its robust BTC exposure. This strategy aligns with Metaplanet’s profitability goals, with future revenues from options trading anticipated to bolster its treasury strategy.