Japanese investment firm Metaplanet, along with the crypto-friendly nation of El Salvador, increased their Bitcoin holdings on Monday as the Bitcoin Fear & Greed Index rebounded to “neutral” after several days in the “fear” zone.
In a disclosure released Monday, Metaplanet revealed it purchased an additional 136 Bitcoin, bringing its total holdings to 20,136 coins—valued at over $2.2 billion at current market prices.
Back in June, CEO Simon Gerovich stated that the company aims to accumulate 210,000 Bitcoin by 2027, which would position it as the second-largest public Bitcoin holder after Strategy, according to Bitbo.
Currently, Metaplanet ranks as the sixth-largest Bitcoin treasury globally and the largest in Japan among the 186 treasuries being tracked. The firm paid approximately 16,554,535 Japanese yen ($111,830) per coin.
Stock Price Declines
Metaplanet initially announced its first Bitcoin purchase on July 22, 2024, sending its shares up 19% to $1.10. However, subsequent purchases have not produced the same surge. In the most recent trading session, Metaplanet’s shares fell nearly 3% to $4.65, though the stock remains up 92.45% year-to-date.
Following the decline, Metaplanet also indicated plans to raise an additional $880 million through a public share offering in overseas markets on August 27, as the stock drop put pressure on its capital-raising “flywheel.”
El Salvador Adds Bitcoin for Anniversary
El Salvador President Nayib Bukele announced Monday that the country had purchased 21 more Bitcoin to mark Bitcoin Day, bringing its total holdings to 6,313, according to the nation’s Bitcoin Office. The purchase commemorates the anniversary of the law making Bitcoin legal tender, which took effect in September 2021.
In July, the IMF reported that El Salvador had not bought any new Bitcoin since signing a $1.4 billion loan agreement in December 2024, which required the country to limit additional purchases.
Saylor Signals Another Bitcoin Buy
Meanwhile, MicroStrategy executive chairman Michael Saylor hinted at another Bitcoin purchase on Sunday. Posting on X, he shared a screenshot of the company’s Bitcoin portfolio with the caption, “needs more orange,” signaling a potential upcoming acquisition.
Michael Saylor often shares MicroStrategy’s Bitcoin tracker shortly before the company adds more Bitcoin to its treasury.
MicroStrategy remains the largest corporate Bitcoin holder by a wide margin, with 636,505 coins, according to Bitbo.
While its stock (MSTR) lost ground for much of August, shares rose 2.5% in the latest session to $335.87 and are still up nearly 12% year-to-date.
The movement comes as the Crypto Fear & Greed Index climbed back to 51, returning to neutral after three days in the “fear” zone.
