Metaplanet Buys 1,111 BTC for $117M Amid Market Dip, Total Holdings Now Over 11,000

Metaplanet, the Tokyo-listed hospitality firm increasingly recognized for its aggressive Bitcoin accumulation strategy, has added 1,111 BTC to its balance sheet in a $117 million purchase.

The acquisition was made at an average price of $105,681 per bitcoin, during a brief market downturn triggered by geopolitical tensions. Over the weekend, crypto markets dropped sharply following U.S. airstrikes on Iranian nuclear facilities, which sent BTC to intraday lows of around $98,000.

Bitcoin has since rebounded and is trading above $101,000 at the time of writing.

With this latest purchase, Metaplanet now holds a total of 11,111 BTC, valued at more than $1.1 billion. The company’s average cost basis across all holdings stands at approximately $95,700 per bitcoin.