---
title: "Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase"
url: https://diffcoin.com/metaplanets-bitcoin-stash-reaches-40-6-million-after-latest-purchase/
description: "After the announcement, data reveals that Metaplanet's stock surged by more than 12% on October 7th, before dipping to 988 yen later in the day."
published: 2024-10-07
updated: 2024-10-07
author: "Mila"
site: "Diffcoin"
---

# Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase

Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset.

The latest stash is worth around $6.7 million.

## Metaplanet Expands Bitcoin Holdings

According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503 BTC, with a current market value of around $40.6 million. The firm disclosed that it acquired the additional bitcoins at an average price of 9.19 million yen ($61,880) per coin, while its total bitcoin purchases averaged 9.32 million yen ($62,790) per bitcoin.

The Japanese company has ramped up its bitcoin purchases over the past few months. In May, it declared that it was adopting the cryptocurrency as a key part of its treasury reserve strategy. Last week, it announced the acquisition of another 107.913 BTC, worth approximately 1 billion yen ($6.9 million).

Data compiled by Google Finance revealed that the firm’s stock price jumped over 12% following the announcement on October 7th, peaking at 1,045 yen on the Tokyo Stock Exchange, but later declining to 988 yen.

Metaplanet announced in August that it had obtained a 1 billion yen (worth around $6.8 million) loan from shareholder MMXX Ventures to boost its Bitcoin reserves. The loan features a 0.1% annual interest rate and a six-month term, beginning August 8, with repayment in a single lump sum. If the company uses the full loan amount for Bitcoin, it could purchase approximately 118.5 BTC at current prices.

## Metaplanet’s Strategic Options Sale

Metaplanet also recently announced that it had sold 223 bitcoin put option contracts with a strike price of $62,000 and a maturity date of December 27.

The deal was made with Singapore-based digital asset trading firm QCP Capital as the counterparty. The announcement revealed that Metaplanet received a premium of 23.972 BTC ($1.44 million).

Metaplanet provided $13.826 million in collateral and received a 0.1075 BTC premium per contract upfront. The transaction yielded a nominal return of 10.75% and an annualized return of 45.63%.

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