So, Metaplanet, right? They just snagged 696 Bitcoin in Q1. How? By playing the put options game. Yeah, that’s right, they secured a price of 13.48 million yen per BTC. Sounds like a steal, doesn’t it? Or maybe just a really expensive hobby. 🤔
Based in Tokyo, Metaplanet Inc. is all about that Bitcoin Income Generation business. They’re selling cash-secured Bitcoin put options like it’s going out of style. They even filed a regulatory document on April 1st. April Fool’s? Nope, just their actual business strategy. Classic! 😂
In this riveting document, they bragged about earning 770.35 million yen (that’s about $5.15 million for those of you who don’t keep a yen-to-dollar converter handy) from this strategy. They call it “generating recurring revenue while increasing long-term Bitcoin holdings.” Sounds fancy, right? But really, it’s just a way to keep the lights on while they hoard Bitcoin like it’s the last slice of pizza at a party. 🍕
According to their report, they threw down 9.386 billion yen in cash collateral. That’s a lot of yen! They got over 50.26 BTC in option premiums, and then, surprise surprise, they picked up an additional 645.74 BTC when some options were exercised. It’s like a game of Monopoly, but with real money and way more stress. 🎲
Metaplanet claims their Bitcoin Income Generation business is all about cashing in on Bitcoin volatility while keeping their capital plans afloat. And get this, it operates separately from their long-term Bitcoin stash. Because why not complicate things further? 🙄
With their Q1 results, they’re patting themselves on the back for hitting 25.7% of their 3 billion yen revenue goal for the year. They also mentioned that any future capital moves will be at the management’s discretion. So, basically, they’re winging it. Sounds like a solid plan! 😅
Oh, and they bought this Bitcoin right after raising 2 billion yen through their 10th Series of Ordinary Bonds. All that cash went straight to EVO FUND for more Bitcoin. Since they started hoarding Bitcoin, their stock has skyrocketed over 3,000%. I mean, who wouldn’t want to invest in a company that’s basically playing with digital Monopoly money? They’re aiming to hold 21,000 BTC by 2026. Good luck with that! 🤑
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2025-04-01 12:54