Metaplanet on Monday said it has acquired 1,111 BTC as the price dipped below $99K amid geopolitical tensions in the Middle East. This shows the company’s commitment to continue buying Bitcoin despite the US Fed tightening and geopolitical risks.
In a press release on June 23, Metaplanet disclosed the additional 1,111 BTC purchase worth $118.2 million. The total holding has now reached 11,111 BTC, with a quarter-to-date yield of 107.9%. With the latest purchase, the company has become the 8th largest corporate holder of Bitcoin, inches away from Tesla’s BTC holding.
CEO Simon Gerovich took to X to reach out to investors and the wider crypto community about the latest BTC purchase, indicating the company’s bullish sentiment on Bitcoin. He highlighted the BTC yield of 306.7%, year-to-date, achieved by the company.
On June 16, Metaplanet purchased 1,112 BTC to reach its goal of having at least 10,000 BTC by the end of the year. Also, the company announced issuing $210 million in ordinary bonds to buy more Bitcoin. Metaplanet aims to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027 as part of the Accelerated 2025-2027 Bitcoin Plan.
This comes amid the recent swift action taken by many companies, including GameStop, Semler Scientific, and other public companies to add Bitcoin to their corporate treasuries.
Metaplanet Inc. (3350.T) stock price fell more than 5% to 1,692 yen amid the profit booking on Monday. The 52-week low and high are 59 and 1,930 yen, respectively. As per Yahoo Finance, the stock price has rallied over 101% in a month and nearly 391% YTD.
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