Japanese Investment Firm Metaplanet Reports Q1 2025 Bitcoin Revenue Performance
On Tuesday, Japanese investment company Metaplanet announced its performance in Bitcoin revenue generation for the first quarter of 2025. This business is part of the company’s broader “Bitcoin Treasury Operations” strategy, aimed at creating recurring income while increasing long-term Bitcoin holdings.
According to the announcement, Metaplanet earned approximately 770 million yen in operating income during the first quarter by executing a systematic strategy—selling cash-secured Bitcoin puts. The company stated that these options were sold at the beginning of the quarter (during a high Bitcoin market price), and compared to directly buying Bitcoin in the spot market at that time, this strategy allowed them to acquire more Bitcoin, as it not only generated premium income but also reduced the average acquisition cost.
Additionally, Metaplanet announced the completion of an additional Bitcoin purchase, which was conducted following the exercise of the aforementioned puts, as part of its Bitcoin revenue generation business. According to the announcement, the company acquired a total of 696 Bitcoins in this round, with a cost of approximately 10.152 billion yen, at an average purchase price of 14,586,230 yen (about $97,547).
As of March 31, Metaplanet’s total Bitcoin holdings amounted to 4,046 coins, with an average purchase price of 12,943,181 yen (about $86,560). Based on the current Bitcoin price of approximately $84,200, the total value of these assets is around $340 million.
Metaplanet’s stock price rose 2% on Tuesday, closing at 409 yen.
Originally a company developing Web3 and metaverse technologies while operating in the hotel business, Metaplanet transformed into a Bitcoin financial enterprise in April 2024, adopting Bitcoin as its core financial reserve asset to hedge against Japan’s debt burden and the resulting fluctuations of the yen. In January of this year, Metaplanet CEO Simon Gerovich stated that the company aims to expand its Bitcoin holdings to 10,000 BTC by 2025.
According to previous reports by Zombit, Metaplanet announced the establishment of a strategic advisory council last month, appointing Eric Trump, the second son of former President Donald Trump and executive vice president of the Trump Organization.
