Japanese investment firm Metaplanet and the Central American country El Salvador both bought more Bitcoin on Monday, just as the Crypto Fear & Greed Index bounced back to “neutral” after three days of “fear.” The moves show two very different players still adding to their digital treasure.
Metaplanet revealed in a disclosure that it purchased 136 more Bitcoin, raising its total holdings to 20,136 coins, valued at over $2.2 billion at today’s price. The company said it paid roughly 16.55 million yen, or about $111,830, for each coin.
Its chief executive Simon Gerovich said in June that “Our long-term goal is to acquire 210,000 Bitcoin by 2027,” This is a plan that would make the company the second-largest holder among public firms, behind Strategy.
Meanwhile, the company is already Japan’s largest Bitcoin treasury and ranks sixth out of 186 firms being tracked worldwide. Metaplanet first made headlines in July 2024 when it announced its first Bitcoin purchase, and its stock soared by 19% to $1.10. This time, however, the market reaction was less cheerful.
Shares slipped nearly 3% in the latest trading session to close at $4.65, though the price is still up 92% for the year. After the dip, the company also said it would raise another $880 million through a public share offering in overseas markets on August 27 to support its capital plans.
On the same day, El Salvador’s president Nayib Bukele announced that his country bought 21 more Bitcoin in celebration of “Bitcoin Day,” marking the third anniversary of the cryptocurrency becoming legal tender in the nation.
With the new purchase, El Salvador’s stash now stands at 6,313 coins, according to the country’s official Bitcoin Office. The date is special because in September 2021, El Salvador became the first nation in the world to adopt Bitcoin as official money.
The International Monetary Fund reported in July that El Salvador had stopped new Bitcoin purchases after signing a $1.4 billion loan agreement in December 2024. Bukele’s new buy suggests otherwise, and it was timed to mark the symbolic anniversary.
Meanwhile, Michael Saylor, executive chairman of Strategy, posted on X that his firm’s Bitcoin wallet “needs more orange,” hinting at another possible buy.
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