Today – Monday, June 23 – Metaplanet added 1,111 Bitcoin to its reserves , bringing its total BTC holdings to 11,111 BTC. This made it the eighth largest company in the world by BTC holdings, surpassing Hut8. The company achieved an impressive year-to-date (YTD) return of 306.7%.
This purchase comes as Bitcoin represents a “buy the dip” opportunity, as it fell below $100,000 yesterday, as the escalating conflict between Iran and Israel is also impacting broader markets. Despite today’s Bitcoin purchase, the Japanese company’s shares are down 4% on rising geopolitical tensions.
The Love Story Between Metaplanet and Bitcoin
The company's total cost of purchasing Bitcoin over the past year has risen to approximately $1.07 billion , with an average purchase price of $95,869 per BTC.
It is worth noting that at the beginning of 2025, the Japanese company owned around 1,000 BTC and has since embarked on a massive buying campaign , reaching the 10,000 BTC milestone last week. The company also announced an ambitious $5.4 billion fundraising plan with the goal of purchasing 1% of the total Bitcoin supply – or 210,000 BTC – by the end of 2027.
Today's purchase follows the completion of the 20th, 21st, and 22nd series of share acquisition rights with EVO FUND . After receiving a payment of 558,700,000 yen from the fund, the company announced the purchase of Bitcoin on the open market.
Stocks Drop 4% as Iran-Israel Conflict Intensifies
Meanwhile, the crypto market plunged over the weekend, following the US entry into the conflict between Israel and Iran and the attack on Iran’s nuclear capabilities. With uncertainty rising in global markets , Metaplanet stock came under selling pressure, correcting 4% to 1,712 yen during Asian trading hours on Monday.
The Japanese company has already seen a massive surge, with a gain of nearly 400% since the start of 2025. That's because its aggressive BTC buying plan has attracted the attention of major market players such as Capital Group and Citigroup , which bought MTPLF shares last week.
Looking further, it is undeniable that the crypto market continues to remain under pressure, after Iran threatened to close the Strait of Hormuz - a key passage for the transportation of oil - triggering a feeling of risk aversion, with strong swings in crude oil prices.
In this context of strong tensions, the price of Bitcoin fell below $100,000 yesterday, but has already recovered, approaching the $102,000 threshold.
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