El Salvador and Tokyo-Genotated Bitcoin Treasury company Metaplanet have used the recent price drop from BTC to expand their investments in the leading crypto.
This step is because the value of Bitcoin fell to a lowest point of three months below $ 90,000 due to a broader market reduction that resulted in more than $ 1 billion in liquidation.
El Salvador increases Bitcoin -Reserves
On February 24, the president of El Salvador Nayib Bukele announced that the country had acquired an extra 7 BTC, worth around $ 614,000.
The purchase increases the Bitcoin interests from El Salvador to 6,088 BTC, which are valued At around $ 541 million based on current market rates.
The relocation of El Salvador comes after the country paused last week its daily Bitcoin, which led to media speculation.
Since November 2022, the Nation has consistently bought one bitcoin every day. The last purchase before this recent acquisition, however, took place on 18 February, which led to rumors that El Salvador could indicate pressure from the International Monetary Fund (IMF) to reduce the BTC exposure.
President Bukele’s announcement On X Siled skeptics, while subtitling the news with ‘O ye of little faith’, strengthening the dedication of the nation to his Bitcoin strategy despite external pressure.
Metaplanet’s BTC Buy
At the same time, Metaplanet also used the price fall by acquiring 135 BTC with a value of approximately ¥ 1.9 billion ($ 12.9 million) at an average price of ¥ 14.3 million ($ 95.961) per bitcoin.
With the latter acquisition, the total Bitcoin interests of Metaplanet is now at 2,235 BTC – an increase compared to the 1.761 BTC held at the end of 2024.
Metaplanet CEO Simon Gerovich emphasized The company’s focus on maximizing the Bitcoin yield, aimed at a quarterly revenue of 35% in 2025. He noted that the company has already reached a cumulative yield of 23.2% this quarter.
In the meantime, this acquisition closes with the goal of Metaplanet to gather 10,000 BTC towards the end of the following year by the end of 2025 and 21,000 BTC.
Despite its strategic Bitcoin investments, the shares of Metaplanet have shown little positive movement, with a decrease of more than 3.2% today, based on data from Google Finance.
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