Metaplanet, known as Japan's equivalent of MicroStrategy, has announced a significant purchase of Bitcoin, increasing its holdings by 1,111 BTC.
Bitcoin Acquisition
According to the latest Metaplanet report, the recent Bitcoin purchase was made for approximately 17.26 billion yen (around $118 million) at an average price of 15,535,502 yen per BTC, which is roughly $105,946 per Bitcoin. This acquisition came amid the Iran-Israel conflict, impacting the entire cryptocurrency market.
Metaplanet's Strategy
As of June 23, Metaplanet holds a massive 11,111 BTC, acquired for around $1.07 billion at an average cost basis of $95,869 per Bitcoin. Last month, the company bought an additional 1,112 Bitcoin for about $117.2 million and aims to raise $5.4 billion to own 1% of all Bitcoin in existence, approximately 210,000 BTC, by the end of 2027.
Market Reaction
Following the announcement of the new purchase, Metaplanet's stock price experienced some volatility. On June 23, 2025, Metaplanet shares closed at 1635 JPY, down 8.77%. The recent dip in shares reflects broader market jitters, driven not only by the Bitcoin purchase but also by the escalating conflict in the Middle East.
Metaplanet continues to actively increase its Bitcoin holdings, drawing market attention amidst global uncertainties.
