Metaplanet boosts Bitcoin holdings while options market reveals mixed trader sentiment, balancing optimism with cautious hedging.
Tokyo-listed investment firm Metaplanet has once again increased its Bitcoin exposure, purchasing 797 BTC worth approximately $92.5 million, as the world’s leading cryptocurrency approaches the critical $120,000 mark on Monday.
With this acquisition, Metaplanet’s total Bitcoin holdings now stand at 17,132 BTC, bringing the firm past 57% of its 2025 goal to accumulate 30,000 BTC.
The latest purchase was made at an average price of $118,416 per Bitcoin, underscoring the company’s strategy of buying into strength during bull cycles.
In total, Metaplanet has invested nearly $1.73 billion in Bitcoin, with an average cost basis of $99,922 per BTC.
According to the company’s corporate notice, these acquisitions were funded through capital markets activities and operating income.
Metaplanet is positioning itself as one of the most aggressive corporate Bitcoin holders globally, second only to Michael Saylor’s MicroStrategy, which currently holds over $71.7 billion worth of BTC.
Bitcoin Recovers After Friday Dip
After a sharp pullback to $115,000 on Friday, Bitcoin (BTC) rebounded over the weekend and attempted to maintain its upward trajectory into Monday.
The flagship crypto briefly touched $119,700, as trading volume jumped over 36% to $61.24 billion.
At the time of writing, BTC is trading around $118,680, up 0.4% in the last 24 hours, and just 3.4% below its all-time high of $123,091, recorded on July 14.
Options Market Shows Divergence in Sentiment
Despite the bullish price action, options markets are showing a notable split in sentiment across different timeframes, according to data from Glassnode.
On a 1-week timeframe, call options are in high demand, reflecting short-term optimism and expectations of further gains. However, on the 1-month horizon, put options are trading at a 4.6% premium, suggesting that some investors are hedging or locking in profits after the rally.
“This suggests near-term bullish sentiment, with traders using 1W calls, while 1M downside protection signals hedging or profit-taking on the rally,” says Glassnode.
Why This Matters
Metaplanet’s continued Bitcoin (BTC) purchases demonstrate increasing confidence from institutional investors, signaling a growing acceptance of crypto as a serious asset class. At the same time, mixed signals from options markets indicate that while traders anticipate further gains in the short term, many are also preparing for potential volatility ahead.
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