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Metaplanet adds BTC holdings after put options sale with QCP Capital

Metaplanet adds BTC holdings after put options sale with QCP Capital
Japanese investment firm Metaplanet has acquired 23.97 Bitcoin through a options transaction with QCP Capital, bringing its total Bitcoin holdings to 530.72 BTC. The company sold 223 contracts worth $62,000 put options, which will expire in December 2024. This transaction allows Metaplanet to generate premium income while maintaining a fully cash-secured position and strengthen its long-term Bitcoin exposure. The company has been increasing its Bitcoin holdings since May 2024 and also plans to raise $70 million through stock rights offerings, with over 80% allocated to its Bitcoin strategy.

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