News Explorer — Tokyo's Metaplanet Acquires More Bitcoin in October Spending Spree

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Oct 11, 5:08 am

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Tokyo's Metaplanet Acquires More Bitcoin in October Spending Spree

Metaplanet Inc., a Tokyo-listed company, recently acquired an additional 108.999 Bitcoin for ¥1 billion, bringing its total holdings to 748.502 BTC. The company employs a sophisticated strategy of selling put options alongside its Bitcoin purchases to generate additional yield, showcasing a level of sophistication not commonly seen among other firms.

Metaplanet Inc., a Tokyo-listed company, recently acquired an additional 108.999 Bitcoin for ¥1 billion, bringing its total holdings to 748.502 BTC. The company employs a sophisticated strategy of selling put options alongside its Bitcoin purchases to generate additional yield, showcasing a level of sophistication not commonly seen among other firms.

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