Bitcoin held firm above $101,000 on Monday after briefly dipping below $98,000 over the weekend, while oil markets shook off early fears of a major price spike following U.S. military action in Iran.

Metaplanet, a Tokyo-listed hospitality and investment firm, has added 1,111 bitcoin to its reserves, spending roughly $117 million as part of its ongoing crypto accumulation strategy.

Cardone Capital, the $5.1 billion real estate investment firm founded by Grant Cardone, has bought 1,000 bitcoin as part of a new treasury strategy that pairs cash-flowing property with crypto.

Top stories in the Crypto Roundup today:

• Bitcoin Bounces as Oil Retreats Despite U.S.-Iran Tensions Over Hormuz
• Japan’s Metaplanet Buys $117M in Bitcoin, Bringing Holdings to Over 11,000 BTC
• Grant Cardone’s $5.1B Real Estate Firm Buys 1,000 Bitcoin

Bitcoin Bounces as Oil Retreats Despite U.S.-Iran Tensions Over Hormuz

Bitcoin held firm above $101,000 on Monday after briefly dipping below $98,000 over the weekend, while oil markets shook off early fears of a major price spike following U.S. military action in Iran.

The rebound in crypto came as crude oil erased most of its early gains, which were sparked by investor panic that Iran might close the Strait of Hormuz, a critical shipping route for global energy supplies. 

Brent crude surged to $77.79 a barrel in early trading, a five-month high, but quickly pulled back to $77. West Texas Intermediate followed a similar path, retreating to $76.75 after briefly touching $78.58.

The muted market reaction suggests that investors are not pricing in a serious disruption to oil flows. Over 80% of oil passing through the Strait of Hormuz is bound for Asia, and analysts say Iran is unlikely to antagonize key allies like China.

Japan’s Metaplanet Buys $117M in Bitcoin, Bringing Holdings to Over 11,000 BTC

Metaplanet, a Tokyo-listed hospitality and investment firm, has added 1,111 bitcoin to its reserves, spending roughly $117 million as part of its ongoing crypto accumulation strategy.

The company bought the new tranche at an average price of $105,681 per bitcoin, during a weekend dip triggered by geopolitical tensions in the Middle East. 

Bitcoin briefly fell below $98,000 after the U.S. launched airstrikes on Iranian nuclear sites but has since rebounded to over $101,000.

With this latest purchase, Metaplanet’s total bitcoin holdings have climbed to 11,111 BTC, currently valued at more than $1.1 billion. 

The firm's average purchase price across all holdings now stands at approximately $95,700 per coin.

Grant Cardone’s $5.1B Real Estate Firm Buys 1,000 Bitcoin

Cardone Capital, the $5.1 billion real estate investment firm founded by Grant Cardone, has bought 1,000 bitcoin as part of a new treasury strategy that pairs cash-flowing property with crypto.

The purchase, worth just over $101 million, marks the firm’s first bitcoin buy. Cardone said in a post on X that the strategy blends “two best-in-class assets,” real estate and bitcoin, and positions the company as “the first ever real estate/Bitcoin company integrated with full BTC strategy.” 

Cardone Capital plans to acquire another 3,000 BTC before the end of the year. The firm, which manages more than 14,000 rental units, pools investor capital to acquire large multifamily properties. It launched in 2017 and has largely operated in the traditional real estate private equity space so far.

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