Metaplanet increases BTC holdings after options trade with QCP Capital
Japanese investment company Metaplanet has acquired 23.97 bitcoins through options trading with Singapore digital asset trading company QCP Capital, bringing its total bitcoin revenue to 530.72 BTC.
In an announcement on October 3, Metaplanet announced that it had reached a bitcoin options transaction with QCP Capital. It is reported that Metaplanet sold 223 put option contracts worth $62,000, with an expiration date of December 27, 2024. The transaction allowed Metaplanet to obtain an option premium profit of 23.97 BTC and recognized it as revenue. Metaplanet noted in the notice that “this transaction enables the company to generate premium income from Bitcoin’s volatility while maintaining a fully cash-secured position.”
Combined with the previously purchased shares worth $6.94 million, Metaplanet now has 530.72 Bitcoin holdings, valued at $32.55 million as of October 3. By selling 223 Bitcoin put options, Metaplanet’s Bitcoin holdings will increase if the market price falls below $62,000 at expiration. Metaplanet said, “This strategy not only strengthens the company’s Bitcoin reserves, but also strengthens its balance sheet, in line with our financial strategy of continuously strengthening long-term Bitcoin investments.”
Since the devaluation of the Japanese currency in May 2024, Metaplanet has been increasing its Bitcoin holdings to cope with economic challenges. Since announcing its decision to adopt Bitcoin as a reserve asset, Metaplanet has invested 4.96 billion yen and an additional 215 million yen from the latest put option sales.
In addition to increasing its Bitcoin reserves, Metaplanet plans to raise $70 million through a stock placement, and has pledged to allocate more than 80% of it to its Bitcoin strategy. Metaplanet's Bitcoin strategy reflects the growing interest of Japanese investment managers. According to a Nomura Securities survey in June, they expressed interest in exploring cryptocurrency investments. On October 1, Japan's new Prime Minister Shigeru Ishiba released a policy document revealing his pro-blockchain strategy aimed at boosting the economy globally through local assets such as food and tourism.
Japanese investment company Metaplanet has acquired 23.97 bitcoins through options trading with Singapore digital asset trading company QCP Capital, bringing its total bitcoin revenue to 530.72 BTC.
In an announcement on October 3, Metaplanet announced that it had reached a bitcoin options transaction with QCP Capital. It is reported that Metaplanet sold 223 put option contracts worth $62,000, with an expiration date of December 27, 2024. The transaction allowed Metaplanet to obtain an option premium profit of 23.97 BTC and recognized it as revenue. Metaplanet noted in the notice that “this transaction enables the company to generate premium income from Bitcoin’s volatility while maintaining a fully cash-secured position.”
Combined with the previously purchased shares worth $6.94 million, Metaplanet now has 530.72 Bitcoin holdings, valued at $32.55 million as of October 3. By selling 223 Bitcoin put options, Metaplanet’s Bitcoin holdings will increase if the market price falls below $62,000 at expiration. Metaplanet said, “This strategy not only strengthens the company’s Bitcoin reserves, but also strengthens its balance sheet, in line with our financial strategy of continuously strengthening long-term Bitcoin investments.”
Since the devaluation of the Japanese currency in May 2024, Metaplanet has been increasing its Bitcoin holdings to cope with economic challenges. Since announcing its decision to adopt Bitcoin as a reserve asset, Metaplanet has invested 4.96 billion yen and an additional 215 million yen from the latest put option sales.
In addition to increasing its Bitcoin reserves, Metaplanet plans to raise $70 million through a stock placement, and has pledged to allocate more than 80% of it to its Bitcoin strategy. Metaplanet's Bitcoin strategy reflects the growing interest of Japanese investment managers. According to a Nomura Securities survey in June, they expressed interest in exploring cryptocurrency investments. On October 1, Japan's new Prime Minister Shigeru Ishiba released a policy document revealing his pro-blockchain strategy aimed at boosting the economy globally through local assets such as food and tourism.
