Metaplanet & El Salvador Expand BTC Holdings Before Dip

• Metaplanet bought 135 Bitcoin (BTC) for $13M at $96,185 each before the market downturn.
• El Salvador boosted its Bitcoin reserves by 7 BTC, reaching 6,088 BTC amid IMF pressure.
• MicroStrategy acquired 20,356 BTC for $1.99B, increasing total holdings to 499,096 BTC.

Metaplanet, a Japanese investment firm that started investing in Bitcoin in 2024, bought 135 BTC for $13 million at an average price of $96,185 each. This purchase occurred just before the market corrected and dropped in value. As of press time, BTC has been trading at $89,261, up by 6.51% in the last 24 hours.

Metaplanet’s Growing Bitcoin Holdings

With the latest purchase, Metaplanet now owns 2,225 Bitcoins, equal to more than $205 million at the current rates. The firm’s average cost basis for Bitcoin purchases is $81,834, reflecting a 12.7% appreciation since its first purchase in April 2024. Metaplanet also reported a 23.3% increase in its Bitcoin yield this quarter. The company is confident in achieving its target of a 35% quarterly increase.

El Salvador’s Bitcoin Reserves

El Salvador, the first country to adopt Bitcoin as legal tender, made a larger-than-usual Bitcoin purchase. On February 24, the country increased its assets by 7 Bitcoins. This was six times its usual daily purchase of one Bitcoin, made when Bitcoin was trading at $94,050.

With this latest addition, El Salvador now holds 6,088 BTC, valued at approximately $560.7 million. This comes as the country faces pressure from the International Monetary Fund (IMF) to strengthen its Bitcoin regulations. El Salvador recently announced that to secure $1.4 billion from the IMF, it has agreed to ease certain Bitcoin-related laws, including removing the requirement for businesses to accept Bitcoin.

Both Metaplanet and El Salvador made their Bitcoin purchases just before the recent crypto market downturn. The market downturn deepened after U.S. President Donald Trump announced a 25% tariff on imported steel from Canada and Mexico. 

Related: Metaplanet Expands BTC Holdings and Announces Stock Split

Strategy’s Bitcoin Acquisition

Strategy (formerly MicroStrategy) continued its Bitcoin accumulation, acquiring 20,356 BTC for $1.99 billion at an average price of $97,514 per Bitcoin. This aligns with the company’s long-standing approach to accumulating Bitcoin, through which it currently holds 499,096 BTC, worth $33.1 billion. 

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