Japanese firm targets 210,000 BTC, El Salvador celebrates Bitcoin Day with symbolic buy
Metaplanet, a Japanese investment company, and El Salvador, the first country to adopt Bitcoin as legal tender, expanded their Bitcoin holdings on Monday. The purchases coincided with the Crypto Fear & Greed Index shifting back to neutral after several days in the “fear” zone.
Metaplanet’s long-term Bitcoin strategy
Metaplanet disclosed that it had purchased 136 additional Bitcoin, bringing its total to 20,136 BTC, worth over $2.2 billion at current prices.
In June, CEO Simon Gerovich revealed the company’s ambitious plan to acquire 210,000 BTC by 2027, which would position Metaplanet as the second-largest corporate Bitcoin holder worldwide, behind U.S.-based Strategy.
Currently, Metaplanet ranks as the sixth-largest public Bitcoin treasury and the leading holder among Japanese firms. The company paid an average of 16.55 million yen ($111,830) per coin for its latest acquisition.
Despite its growing Bitcoin portfolio, the firm’s stock has seen mixed reactions. Shares declined nearly 3% in the last session to $4.65, although they remain up over 92% year-to-date. The company also announced plans to raise $880 million through an overseas share offering later this month.
El Salvador marks Bitcoin Day with symbolic buy
President Nayib Bukele confirmed that El Salvador acquired 21 Bitcoin as part of celebrations for Bitcoin Day, marking the 2021 anniversary of Bitcoin becoming legal tender. The country’s treasury now holds 6,313 BTC.
The move comes despite a July report from the IMF, which claimed El Salvador had slowed purchases after signing a $1.4 billion loan deal in December 2024 that urged restraint on Bitcoin acquisitions.
Market signals from corporate leaders
Meanwhile, Bitcoin advocate Michael Saylor hinted at another upcoming purchase for Strategy, which already holds 636,505 BTC, the largest corporate stash globally. His post on X featured the company’s Bitcoin portfolio with the caption, “needs more orange.”
Strategy’s stock price rose 2.5% in the latest session to $335.87, keeping it 12% higher year-to-date despite recent volatility.
The parallel moves by Metaplanet and El Salvador highlight the continued accumulation of Bitcoin by both institutions and nation-states, even as market sentiment remains cautious. With the Fear & Greed Index now back to neutral, investors appear to be regaining confidence in Bitcoin’s long-term outlook.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.