The company carried out a roll-up transaction containing 223 Bitcoin put options. In the announcement made on October 16, it was reported that Metaplanet bought back 223 contracts of put options worth $62,000 that it had previously sold from Singapore-based digital asset trading firm QCP Capital. He then sold 223 new contracts at a new strike price of $66,000.

As a result of this transaction, Metaplanet received premium put options worth a total of ¥57.9 million, or approximately $387,640, which the company recorded as revenue.

The company stated that it aims to benefit from the volatile nature of Bitcoin by adopting this strategy. At the time of writing, the Bitcoin price has risen above $67,000 following its recent rise, supporting this strategy of the company.

In the announcement, Metaplanet emphasized that increasing the strike price provides high return potential. The company stated that this approach is appropriate in line with its goals of increasing Bitcoin assets and profitability.

However, the risk section of the announcement noted that adjusting the strike price could mean Metaplanet would be forced to buy Bitcoin if Bitcoin falls below $66,000 at expiration.

Metaplanet purchased $6.9 million worth of Bitcoin on October 15, bringing its total Bitcoin holdings to 861.39 BTC, or approximately $57.6 million at current market prices. These purchases demonstrate the firm’s commitment to Bitcoin investments.

Metaplanet CEO Simon Gerovich stated in a post on the X platform that put options provide an additional increase over the nominal return. This brings total premium earnings to ¥272.5 million for this year.

With an agreement made on October 3, Metaplanet sold 223 contracts to QCP Capital and it was stated that these contracts were worth $62,000. This sale earned Metaplanet an option premium of 23.97 BTC.

Metaplanet has been referred to as the “MicroStrategy of Asia” due to its frequent Bitcoin purchases, demonstrating the firm’s commitment to Bitcoin investments.

In May 2024, Metaplanet decided to invest more in its Bitcoin reserves in order to cope with the economic challenges faced by the Japanese yen. Seeing the potential of Bitcoin, it aims to turn these fluctuations in the sector into an advantage.

These strategic moves by the company help it achieve both short-term gains and support its goals of holding Bitcoin in the long term.

Metaplanet’s investments and options transactions on Bitcoin show how it evaluates market fluctuations and shapes its growth targets.

These steps of the company are followed with great attention among investors, and it is thought that Metaplanet’s strategies in the field of Bitcoin can set an example for other investment firms.