Hormuz crisis? The United States calls on China to prevent Iran from cutting off the world's oil lifeline

U.S. Secretary of State Marco Rubio publicly called on the Chinese government this Sunday to intervene and prevent Iran from blocking the Strait of Hormuz - a strategic waterway that currently transports nearly one-fifth of global oil daily and is facing unprecedented tensions. Rubio directly stated in a Fox News interview: "I encourage the Chinese government to communicate with Iran because their oil is extremely dependent on the Strait of Hormuz." As China is Iran's most important oil buyer and maintains friendly relations with the Islamic Republic, the U.S. is clearly hoping Beijing will exert its influence to prevent escalation. Shortly after the U.S. air strike on three Iranian nuclear facilities, Iran's foreign minister stated that Iran "reserves all means to defend its sovereignty". Simultaneously, Iranian state media quoted a senior legislator saying the Iranian parliament has supported a proposal to block the Strait of Hormuz. However, according to reports, the actual decision-making power remains with Iran's National Security Council. The Strait of Hormuz connects the Persian Gulf and the Gulf of Oman and is a critical oil transportation route. According to the U.S. Energy Information Administration (EIA), approximately 20 million barrels of oil (20% of global consumption) pass through this waterway daily. If blocked, Rapidan Energy and Goldman Sachs warn that oil prices could exceed $100 per barrel. Continuing to buy aggressively, Metaplanet's Bit strategy is accelerating comprehensively, having accumulated 11,111 Bit in 2025, with a total investment exceeding 156.4 billion Japanese yen!

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BTC Adds Again: Sweeping in 1,111 Bits at Once

Metaplanet Inc. (Tokyo Stock Exchange: 3350) announced on June 23, 2025, that as part of its Bitcoin Treasury Operations, it has again added 1,111 Bits, with a total transaction amount of 17.26 billion yen, at an average price of about 15.53 million yen per Bit. This purchase has brought the company's total accumulated Bits to 11,111, significantly upgrading its holding scale.

Metaplanet's BTC Performance Indicators: What are BTC Yield and BTC Gain?

Metaplanet emphasizes that BTC Yield is a core performance indicator (KPI) that measures the proportion change between BTC holdings and fully diluted shares, used to evaluate whether the purchasing strategy truly "benefits shareholders". When multiplied by the current BTC price, it can derive the "BTC ¥ Gain" calculated in yen, helping shareholders more intuitively understand value growth.

As of the second quarter of 2025, BTC Yield continues to soar, reaching a quarterly yield of 107.9% as of June 23, meaning the company can correspond to about 0.0146 Bits per thousand diluted shares, far higher than the same period last year.

Capital Market Actions Frequent: Issuing Bonds to Raise Funds for Buying Currencies Continues

Since January 2025, Metaplanet has continuously raised funds to purchase BTC through multiple bond issuances and stock subscription rights. In February alone, the company issued its 6th zero-coupon bond, raising 4 billion yen, and subsequently issued the 7th to 13th period bonds, gradually expanding the funding scale to over 10 billion yen.

Most of these bonds have been redeemed in advance, and the company continuously converts fundraising into BTC holdings through a subscription rights mechanism in collaboration with EVO FUND. By May 2025, the company had successfully completed the "210 Million Plan" (originally called the 21 million share plan), issuing a total of 210 million shares to provide ammunition for BTC purchases.

BTC Purchase History: Rapid Accumulation from Late 2024 to Mid-2025

From mid-2024 to now, Metaplanet has been adding to its BTC holdings almost weekly, surging from about 141 Bits in June 2024 to 11,111 Bits on June 23, 2025. The average cost has also increased but is still controlled at around 14.07 million yen per Bit.

Date	Total Holdings (Bits)	Total Purchase Amount (Yen)	Average Price
2025/06/23	11,111	156.4 billion yen	About 14.07 million
2025/05/12	6,796	90.1 billion yen	About 13.27 million
2025/03/31	4,046	52.4 billion yen	About 12.94 million
2024/12/23	1,762	20.9 billion yen	About 11.84 million

KPI Does Not Represent Stock Price Trend, Only for Strategic Effectiveness Reference

Although BTC Yield, BTC Gain, and BTC ¥ Gain are used to measure the "theoretical contribution" of the BTC holding strategy to shareholders, Metaplanet also specially reminds that these indicators are not traditional financial data and cannot be used as substitutes for cash flow or profits, nor can they directly predict the company's stock price trend.

Additionally, these data do not include the impact of debt or preferred shares on value, purely reflecting the performance of the company's strategy of exchanging shares for BTC.

Metaplanet Aims to Become the "Asian Version of MicroStrategy"

Metaplanet's strategy is identical to the listed US company MicroStrategy, both aiming to continuously purchase BTC by raising funds through the capital market, hoping to create excess returns in long-term capital allocation. Now holding over 11,000 Bits, Metaplanet is undoubtedly one of the most aggressive players in the Japanese crypto asset market.