Metaplanet Acquires 1,111 BTC Worth $117 Million, Boosting Total Stash to Over 11,000 Coins

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.

  • Related Posts

    A trader in the crypto market sees Hyperliquid and AI tokens at the forefront of the next altcoin rally.

    Hyperliquid’s recent breakout, alongside renewed momentum in AI-focused crypto assets, is pointing to a broader recovery in risk appetite across the altcoin market, according to analyst Michael van de Poppe.…

    Continue reading
    Bitcoin declines to $74,300 while spot ETFs see $2.26 billion in outflows over a two-week period.

    U.S.-listed spot Bitcoin exchange-traded funds have seen more than $2.26 billion in net outflows over the past two weeks, signaling sustained pressure across the digital asset market. Bitcoin (BTC) remains…

    Continue reading