A wave of new Bitcoin purchases by major players shows a major shift in market sentiment. This has also moved the Bitcoin Fear & Greed Index to “neutral” after days of “fear.”
Accordingly, both Japanese firm Metaplanet and the government of El Salvad both announced new Bitcoin acquisitions, boosting confidence among investors.
Metaplanet Boosts Bitcoin Holdings
According to a press release, Metaplanet, a Japanese investment company purchased an additional 136 Bitcoin for approximately $15.2 million.
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This purchase brings their total to 20,136 Bitcoin, valued at over $2.2 billion. The company paid about $111,830 per Bitcoin.
Currently, Metaplanet ranks as the sixth-largest Bitcoin treasury among 186 tracked companies and the top holder in Japan.
Metaplanet CEO Simon Gerovich wants to acquire 210,000 Bitcoin by 2027.
To support its Bitcoin strategy, the company plans to raise $880 million through a public share offering in overseas markets.
This acquisition would position Metaplanet as the second-largest corporate Bitcoin holder globally, behind only Strategy.
Strategy Signals More Bitcoin Buys
Meanwhile, Michael Saylor, the executive chairman of Strategy hinted at another purchase on X.
Strategy is the world’s largest corporate Bitcoin holder.
He shared a screenshot of Strategy’s Bitcoin portfolio with the caption “needs more orange.”
Strategy currently holds 636,505 Bitcoin, far surpassing other corporate holders.
Its stock price rose 2.5% to $335.87 in the latest session, with a year-to-date gain of nearly 12%.
El Salvador Celebrates Bitcoin Day with New Purchase
Corporates are not the only ones buying more Bitcoin.
In El Salvador, President Nayib Bukele announced the country added 21 Bitcoin to its reserves.
This marks the anniversary of Bitcoin’s legalization as currency in September 2021.
The nation now holds 6,313 Bitcoin, according to its Bitcoin Office.
However, a July report from the International Monetary Fund claimed El Salvador had paused Bitcoin buys. The nation secured a $1.4 billion loan from the IMF in December 2024.
