How are you all? For the past few days, I have been reading several articles about the crypto market through various means. And I have been sharing some things with you all the time. From there, a piece of news came to my attention today, which made me pause for a moment. So I thought, let me share the matter with you in my own simple language. I think you will understand the matter.
Recently, Metaplanet, a company listed in Tokyo, Japan, has come into the discussion again. At the very end of the year, they bought about 4,279 Bitcoins together. The cost of this purchase was about $ 450 million. In total, they now have a total of 35,102 Bitcoins, with a current market value of about $ 3 billion. Although the numbers are easy to read, the decision inside is quite profound.
What I think is that Metaplanet is not just looking at Bitcoin as an investment. They have made it part of their core strategy. Many companies buy and sell when they understand the opportunity, but here it seems that the goal is very long-term. Whether the market is good or bad, their main idea is to gradually increase the collection.
But the story doesn't end there. Metaplanet isn't just sitting on Bitcoin. They've launched an options strategy using that Bitcoin, through which they're trying to generate regular income. That is, they're keeping the original Bitcoin reserves separate and using another part to earn a premium from the market. In 2025, they earned about 8.58 billion yen from this method, which is more than expected.
While that sounds good, you also have to keep in mind the risk. Options mean risk with potential. If the market suddenly moves too much in one direction, you can also lose money instead of making a profit. So it's a bold decision, and a bit of pressure.
Another important thing is that the market is no longer valuing Bitcoin-based companies as easily as it used to. Metaplanet's share price once fell to a point where shares were trading at a price lower than the value of the Bitcoin they hold. This suggests that investors are now placing more importance on real income, not just on the story.
Overall, I think Metaplanet has chosen a different path. Holding Bitcoin is their foundation, and trying to make money from that Bitcoin is their raison d'être. Only time will tell how successful this model will be. But it is certainly eye-catching in terms of courage and planning.
