The Tokyo-listed firm Metaplanet recently expanded its Bitcoin assets by acquiring 135 BTC for $12.9 million amid market price fluctuations.
Metaplanet's Purchase and Strategy
Metaplanet acquired Bitcoin at approximately $96,185 per coin, bringing its total assets to 2,235 BTC. Despite the recent price dip below $91,000, the company's strategy has proven successful, with a 12% unrealized gain since it started accumulating last year. Metaplanet aims to reach its target of 10,000 BTC by 2025 and 21,000 BTC by 2026.
El Salvador's Bitcoin Involvement
El Salvador's President Nayib Bukele announced the purchase of 7 BTC, increasing the country's holdings to 6,088 BTC. This move reassures critics of El Salvador's commitment to its Bitcoin strategy, despite IMF pressures.
Future of Bitcoin Accumulation
Metaplanet and El Salvador maintain their focus on long-term Bitcoin accumulation. Both parties confirm their confidence in Bitcoin's future value notwithstanding market volatility.
Metaplanet and El Salvador continue to demonstrate growing confidence in Bitcoin as a strategic asset. Their approach highlights a commitment to long-term financial stability and growth.
