Japanese investment firm Metaplanet has significantly increased its Bitcoin portfolio through a lucrative options transaction with QCP Capital, a leading Singapore-based digital asset trading firm. The deal involved the sale of 223 put options, netting Metaplanet a substantial 23.97 BTC in premium revenue. This strategic move brings the firm’s total Bitcoin holdings to 530.72 BTC, valued at approximately $32.55 million as of October 3.

The transaction capitalizes on the current Bitcoin market volatility, allowing Metaplanet to generate income while maintaining a cash-secured position. With this latest acquisition, Metaplanet has solidified its commitment to enhancing its Bitcoin reserves, aligning with its financial strategy to bolster long-term exposure to the cryptocurrency.

This approach is part of a broader strategy to address economic challenges exacerbated by the weakening of Japan’s currency since May 2024. By continually increasing its Bitcoin investments, including a major purchase worth $6.94 million, Metaplanet is strengthening its financial foundation amidst growing interest from other Japanese investment managers in the crypto sector.

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