Metaplanet Buys Another 1,111 Bitcoins, But Shares Fall Amid Iran-Israel Tensions

Japanese investment firm Metaplanet continues its aggressive Bitcoin accumulation. On Sunday, June 23, the company added 1,111 BTC to its reserves, bringing its total holdings to 11,111 bitcoins. With this move, Metaplanet has now surpassed mining firm Hut8 to become the eighth-largest public holder of BTC globally. 📉 Despite the massive purchase, Metaplanet’s stock dropped 4% on Monday due to escalating geopolitical tensions between Iran and Israel. Bitcoin also dipped below $100,000 over the weekend, opening a window for strategic buying.

🚀 Metaplanet’s Bitcoin Portfolio Skyrockets Metaplanet announced that the recent purchase of 1,111 BTC was valued at approximately $118.2 million, bringing its total Bitcoin investment to over $1.07 billion. The average purchase price stands at $95,869 per BTC. At the start of 2025, the company held just over 1,000 BTC. Since then, it has launched an aggressive buying spree with the ambitious goal of acquiring 210,000 BTC—equivalent to 1% of Bitcoin’s total supply—by the end of 2027. The plan includes a $5.4 billion funding initiative to fuel these acquisitions. 🔹 The latest BTC purchase follows the closing of its 20th to 22nd equity rights issuance rounds with EVO FUND. After receiving 558.7 million yen, the firm swiftly announced its spot-market purchases.

⚠️ Stock Dips 4% as Geopolitical Risk Rattles Markets While Metaplanet expands its Bitcoin holdings, its stock fell by 4% on Monday, closing at 1,712 JPY during Asian trading hours. The drop comes in response to growing instability in the Middle East. Over the weekend, the U.S. launched airstrikes on Iranian nuclear facilities, joining an escalating conflict between Iran and Israel. Markets reacted with alarm, fearing a potential closure of the strategic Strait of Hormuz, a key oil route handling 20% of the world’s crude. As energy prices spike and investors flee riskier assets, cryptocurrencies also came under pressure. Bitcoin plunged below $100,000 on Sunday but has since recovered slightly. At the time of writing, it is trading above $101,000, hinting at a potential rebound. Still, market sentiment remains cautious due to ongoing uncertainty and geopolitical risk.

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