Tokyo-based firm Metaplanet has increased its Bitcoin holdings to 4,046 BTC with a recent acquisition.
The company purchased an additional 696 BTC through its Bitcoin Income Generation business, using the strategy of selling cash-secured put options.
The total value of this acquisition is approximately 10.15 billion yen ($73.5 million), with an average purchase price of 14,586,230 yen ($105,700) per Bitcoin.
Metaplanet's Bitcoin acquisition strategy aims to expand its Bitcoin portfolio while improving shareholder value through cost-effective methods.