Metaplanet KK ( (JP:3350) ) has provided an announcement.
Metaplanet Inc. has announced the acquisition of 696 additional Bitcoins through its Bitcoin Treasury Operations, using a strategy that involves selling cash-secured put options. This approach has allowed the company to acquire Bitcoin at prices below the market rate, thereby improving capital efficiency. In Q1 FY2025, the company’s Bitcoin Income Generation business line generated significant revenue and increased Bitcoin holdings, highlighting the strategic value of its operations and providing accretive benefits to shareholders.
More about Metaplanet KK
Metaplanet Inc. operates in the cryptocurrency industry, focusing on Bitcoin Treasury Operations and Bitcoin Income Generation. The company employs strategies such as selling cash-secured Bitcoin put options to enhance capital efficiency and acquire Bitcoin at favorable prices.
YTD Price Performance: 15.23%
Average Trading Volume: 46,181,396
Technical Sentiment Signal: Sell
Current Market Cap: Yen200.5B
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