El Salvador, Metaplanet Reaps Massive Gains in BTC Surge

• El Salvador’s Bitcoin holdings have surged by $357M, now worth over $644M as BTC tops $105K.
• Metaplanet boosts Bitcoin reserves to 7,800 BTC after a fresh $104M investment this week.
• According to Blockstream CEO, Metaplanet is outpacing Strategy’s mNAV growth by 3.8 times.

El Salvador’s Bitcoin strategy is showing strong results. President Nayib Bukele confirmed that the country’s Bitcoin holdings are in profit. The government has gained around $357 million from its Bitcoin reserves. The nation currently owns 6,181 BTC, now worth over $644 million.

This gain came as Bitcoin surged above $105,000. El Salvador adopted Bitcoin as legal tender in 2021. Since then, the government has added one Bitcoin per day to its reserves. This dollar-cost averaging strategy started in 2022 and remains unchanged.

The 913 BTC bought under the daily plan has returned 100% so far. Bukele’s administration remains committed to this approach. The total return on all Bitcoin purchases stands at 124% based on current prices. The country’s holdings reflect a major win for early crypto adoption.

Meanwhile, Japan’s Metaplanet has expanded its own Bitcoin treasury. The company purchased 1,004 BTC for $104 million. With the latest acquisition, Metaplanet’s holdings now stand at 7,800 BTC. The total value of its Bitcoin reserves is now $812 million.

Metaplanet financed the expansion through a moving-strike warrant program. This allowed it to issue equity without a fixed price or discount. The firm’s aggressive Bitcoin strategy has boosted its stock significantly. Shares jumped 15% on the Tokyo Stock Exchange after the announcement.

Its market gains follow strong Q1 earnings. Metaplanet reported revenue of 877 million yen, roughly $6 million. The company has added over 6,000 BTC since January 1, 2025. This marks a 4.4x growth in holdings within five months.

The company is now the 11th largest BTC holder globally. It recently surpassed El Salvador in total Bitcoin ownership. Metaplanet has now met 78% of its short-term goal to hold 10,000 BTC this year. The average cost basis is $91,343 per coin.

Related: Conor McGregor to Meet Bukele Over Ireland’s Bitcoin Reserve

Metaplanet’s Bitcoin yield for the first quarter of 2025 was 95.6% and 47.8% quarter-to-date as of May 19, 2025. Analysts have praised its rapid accumulation strategy. Blockstream CEO Adam Back noted that Metaplanet is growing faster than Strategy. He said Metaplanet is expanding 3.8 times quicker in mNAV coverage.

At press time, Bitcoin is trading around $102,800 after briefly surpassing $105,000 earlier in the day. The broader crypto market remains uncertain due to recent U.S. credit downgrades. Investors continue to watch El Salvador and Metaplanet closely. Both are pushing bold Bitcoin strategies amid global market shifts.

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