Metaplanet and El Salvador Buy More Bitcoin as Market Sentiment Turns Neutral
Japanese firm boosts holdings to $2.2B while Bukele adds 21 BTC for Bitcoin Day
Japanese investment firm Metaplanet and El Salvador both expanded their Bitcoin reserves on Monday, coinciding with a shift in the Crypto Fear & Greed Index back to “neutral” after several days in “fear.”
Metaplanet disclosed the purchase of an additional 136 BTC, raising its total to 20,136 BTC worth over $2.2 billion. CEO Simon Gerovich has previously outlined an ambitious target of acquiring 210,000 BTC by 2027, a move that would make Metaplanet the second-largest public holder behind Strategy. The company is already Japan’s largest corporate Bitcoin treasury, paying about $111,830 per coin for its latest batch.
Market response and capital plans
Despite aggressive Bitcoin accumulation, Metaplanet’s stock slipped nearly 3% in its last trading session to $4.65, though shares remain up more than 92% year to date. Earlier buys fueled major rallies, but recent purchases have had less impact.
The company has also announced plans to raise $880 million through a public share offering in overseas markets after its stock decline put pressure on its capital-raising momentum.
El Salvador adds Bitcoin for anniversary
El Salvador President Nayib Bukele confirmed the purchase of 21 BTC to mark “Bitcoin Day,” the anniversary of the nation’s 2021 legal tender law. The country’s total Bitcoin stash now stands at 6,313 BTC, according to its Bitcoin Office.
The buy counters a July IMF report claiming El Salvador hadn’t added Bitcoin since inking a $1.4 billion loan deal in late 2024, which required scaling back government BTC acquisitions.
Strategy signals more buying
Meanwhile, Strategy executive chairman Michael Saylor hinted at another Bitcoin purchase, posting “needs more orange” alongside a screenshot of the company’s BTC holdings. Strategy remains the largest corporate holder with 636,505 BTC.
Its stock (MSTR) rose 2.5% in the last session to $335.87, extending its year-to-date gains to nearly 12%. The renewed momentum comes as the Crypto Fear & Greed Index climbed to 51, signaling neutral sentiment across the market.
