Metaplanet Hits 43,000 BTC Holdings While Options Revenue Surges to Record Levels

Woofun AI reports that Japanese publicly traded investment firm Metaplanet expanded its Bitcoin treasury by purchasing an additional 2,823 BTC, bringing total holdings to 43,000 BTC.

The BTC Income Business generated 1.7473 billion yen, roughly $10.8 million, during the second quarter of fiscal year 2025. This figure marks a decline from the 2.9693 billion yen recorded in the first quarter, though cumulative revenue for the first half of the year totaled 4.717 billion yen.

Woofun AI data shows trailing 12-month revenue from the BTC Income Business reached a record 11.3964 billion yen since the program's inception. These financial results incorporate option premiums, realized gains and losses, and end-of-term valuation adjustments to determine final operating profit.

Structurally, the firm monetizes holdings via covered call options and structured products to attract institutional investors seeking income-generating exposure. This mechanism allows the company to collect premiums during periods of price stability while mitigating volatility risk and offsetting carrying costs between Q1 and Q2.

Metaplanet now stands as a definitive case study in corporate Bitcoin treasury management with 43,000 BTC on its balance sheet and record trailing 12-month revenue from its options program. The firm's Bitcoin-centric corporate strategy successfully balances long-term accumulation with active yield generation despite quarterly revenue fluctuations.