In recent months, Metaplanet has significantly increased its Bitcoin investments and surpassed El Salvador in asset volume. Meanwhile, El Salvador continues to expand its reserves under IMF pressure.
Metaplanet Hits New Heights in Bitcoin Portfolio
Japanese investment firm Metaplanet acquired 1,241 BTC, bringing their total to 6,796 BTC, worth approximately $707 million. The latest purchase was made at 14.8 million yen per coin, marking the highest average price in the firm's history. CEO Simon Gerovich stated that the company now holds more Bitcoin than El Salvador, having begun aggressive accumulation in April 2024.
El Salvador Continues to Increase Bitcoin Reserves
Despite pressure from the International Monetary Fund (IMF), El Salvador is steadily increasing its Bitcoin reserves. Recently, the government added 7 more BTC, bringing its total to 6,173 BTC worth over $637 million. Although a loan agreement stipulates reduced Bitcoin purchases, the government did not slow down its asset accumulation efforts.
Robert Kiyosaki Supports Bitcoin
Entrepreneur Robert Kiyosaki has once again voiced support for Bitcoin as an alternative to fiat currency. He argues that decentralized assets like Bitcoin, gold, and silver are more reliable. Kiyosaki warns of the dangers of centralized financial systems and encourages individuals to opt out of fiat money, emphasizing the need to preserve economic freedom.
The Bitcoin landscape in Asia and Latin America showcases different approaches to cryptocurrency utilization within national strategies. Both Metaplanet and El Salvador continue to augment their reserves, raising questions about Bitcoin's future on the global stage.
