The Japanese investment company Metaplanet has announced a significant deal to purchase bitcoins, acquiring 696 BTC for a total of $67.9 million. This decision was made on April 1, 2025, when the firm decided to expand its crypto portfolio.
This is reported by Finway
Details of the Bitcoin Purchase
Metaplanet acquired the bitcoins through the sale of previously issued put options, which allowed them to raise the necessary funds. Specifically, the company used $62.7 million to secure the deal, enabling them to purchase more bitcoins than would have been possible through traditional spot transactions. The average purchase price of the bitcoins was approximately $97,500 per unit.
Currently, Metaplanet holds 4,046 BTC on its balance sheet, with a total value estimated at nearly $340 million.
Financial Results and Market Reaction
In the first quarter of 2025, the company earned 50.26 BTC from the sale of options, further strengthening its crypto portfolio. Following the announcement of the bitcoin purchase, Metaplanet’s shares rose by approximately 2%, according to Yahoo Finance. The bitcoin market is currently trading near the $84,000 mark.
“On March 24, Metaplanet spent $12.6 million to purchase 150 BTC,” the reports state.
This deal confirms the growing interest of Japanese investors in the cryptocurrency market and rapidly popular assets.