Bitcoin News: Metaplanet Acquires 696 BTC Through Innovative Options Strategy

In a strategic move to bolster its Bitcoin holdings and generate recurring revenue, Tokyo-based Metaplanet Inc. has successfully executed a put options strategy, acquiring a significant amount of BTC in Q1 2025.

Metaplanet Adds 696 BTC Through Q1 Options Strategy

Tokyo-based Metaplanet Inc. acquired 696 Bitcoin (BTC) in Q1 2025 by executing a put options strategy, securing an effective purchase price of 13.48 million yen per BTC. The firm earned 770.35 million yen (around $5.15 million) in operating revenue from the strategy, which it described as a way to generate recurring revenue while increasing long-term Bitcoin holdings. Metaplanet deployed 9.386 billion yen in cash collateral, receiving over 50.26 BTC in option premiums, while an additional 645.74 BTC were acquired when some options were exercised.

Bitcoin Put Option Trade Highlights Bearish Sentiment

A large Bitcoin (BTC) options bet was placed on Deribit as the first quarter ended on Monday, revealing bearish sentiment from the trader. The block trade, involving 1,180 contracts of the $70,000 put option expiring April 25, carried a premium of over $1 million. A put option gives the buyer the right to sell the underlying asset at a predetermined price, indicating the trader expects a price drop below $70,000 from the current $84,000. Block trades are typically executed by institutions to avoid affecting the market rate.

Bitcoin’s $767M ETF Outflows and Declining Price

Bitcoin (BTC) and the broader crypto market have struggled to keep up with social sentiment over the past month. In March, BTC-based spot exchange-traded funds (ETFs) in the US recorded their second-largest cumulative monthly outflow, totaling $767M. The gradual decline in Bitcoin’s price started on January 20, right after the leading digital currency reached an all-time high of $109,114. As of now, BTC is down 23% from its ATH, trading at $83,491 with a 24-hour volatility of 1.9%, a market cap of $1.66 trillion, and a 24-hour volume of $25.33 billion.

Bitcoin (BTC) has hit the Bottom: Is the Trend Reversal Starting Now?

There are signs that the Bitcoin bottom is in, following a local downward trend that has been active since 20 January this year. In that time, the $BTC price lost as much as $32,000, equating to around 30% of its overall value. Investors are now wondering if Bitcoin is about to start clawing its way back to the all-time high.

Best Crypto Casinos (No KYC) | Top 5 Bitcoin Gambling Sites To Play Anonymously - April Update

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