The long-term objective of acquiring a total of 210,000 Bitcoin by 2027 was announced by Metaplanet CEO Simon Gerovich in June.
More Bitcoin was acquired by the Japanese investment company Metaplanet and crypto-friendly nation El Salvador on Monday, as the Bitcoin Fear & Greed Index shifted back to “neutral” after several days in “fear.”
An additional 136 Bitcoin was purchased by Metaplanet, as revealed in a new disclosure on Monday. This acquisition brings the company’s total cache to 20,136, which is valued at over $2.2 billion at current prices.
The long-term objective of acquiring a total of 210,000 Bitcoin by 2027 was announced by CEO Simon Gerovich in June. This would position the company as the second-largest public holder of the asset, trailing only Strategy, as per Bitbo’s data.
Out of the 186 treasuries being tracked, Metaplanet is ranked as the sixth-largest and leading Japanese Bitcoin holder. It paid approximately 16,554,535 Japanese yen ($111,830) per coin.
The Stock Market Plunge
In a fresh announcement, a Bitcoin acquisition was first made by Metaplanet on July 22, 2024, which sent its shares jumping by 19% to $1.10.
However, the same outcomes haven’t been produced by subsequent acquisitions. In the last trading session, Metaplanet’s shares were down nearly 3% to $4.65. The stock price is still up 92.45% for the year.
Metaplanet also disclosed plans to raise another $880 million through a public share offering in overseas markets on Aug. 27, after its capital-raising “flywheel” was put under stress by a decline in its stock price.
El Salvador Acquires More Bitcoin to Mark Anniversary Milestone
Meanwhile, an additional 21 Bitcoin was acquired by El Salvador on Monday as part of Bitcoin Day, as was announced by President Nayib Bukele. This acquisition adds to the country’s total cache of 6,313, as was disclosed by its Bitcoin Office.
The country’s Bitcoin office is marking “Bitcoin Day,” the anniversary of the law that made Bitcoin legal tender and was put into effect in September 2021.
A report was published by the International Monetary Fund (IMF) in July, alleging that El Salvador hadn’t acquired any new Bitcoin since signing the $1.4 billion loan agreement in December 2024, which mandated the country to scale back purchases.
Saylor Hints at Another Bitcoin Purchase
A new Bitcoin purchase was hinted at by Saylor on Sunday. In a post to X, the executive chairman shared a screenshot of the company’s Bitcoin portfolio, accompanied by the caption, “needs more orange.”
The Bitcoin tracker is regularly shared by Saylor just prior to Strategy acquiring more Bitcoin for its treasury.
Strategy is currently held to be the largest corporate holder of Bitcoin by a substantial margin, with a cache of 636,505, according to Bitbo.
Its stock price (MSTR) spent most of August shedding gains, but in the last trading session, a 2.5% increase was seen, with the share trading at $335.87 and still up nearly 12% year to date.
A neutral score of 51 was reached by the Crypto Fear & Greed Index, after having spent three days in the “fear” zone.
