Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.”
Metaplanet said On Monday it announced that they had acquired an extra 136 Bitcoin.BTCThe total amount of the stash has increased to 20,136. This is worth more than $2.2 billion in current price.
In June, CEO Simon Gerovich said Long-term, the goal of the business was to acquire 210,000 Bitcoin Total by 2027. This would be the second largest Bitcoin holder among public companies behind Strategy. according Bitbo.
Metaplanet, the largest Japanese Bitcoin Treasury out of 186 that are being monitored is Metaplanet. It was paying approximately 16,554,535 Japanese Yaen ($111.830) each coin.
Stock price down
Metaplanet first announced a Bitcoin On July 22, 2024 its share price jumped 19%, to $1.10.
Nevertheless, the subsequent purchases didn’t produce similar results. Metaplanet shares fell in the most recent trading session. down Nearly 3% have risen to $4.65. Since the beginning of this year, stock prices are still up by 92.45%.
Metaplanet is also marked plans to raise On Aug. 27, after the company’s initial public offering, it raised another $880m through an overseas share sale. stock decline put pressure On its capital raising “flywheel” Stressed out?
El Salvador purchases more Bitcoins as a gift for its anniversary
Meanwhile, El Salvador President Nayib Bukele said On Monday, the Bitcoin Office announced that it had purchased another 21 Bitcoins as part of Bitcoin Day. This brings its total to 6,313, which was disclosed on Sunday.
Bitcoin Office of the country celebrating “Bitcoin Day,” The anniversary of the Bitcoin law, which became effective in September 2021.
International Monetary Fund has published the following article: report El Salvador hasn’t been able to produce a report for July purchased any new Bitcoin Since signing the $1.4 Billion loan agreement with the United States in December of 2024. This required that the country reduce purchases.
Related: El Salvador splits $678M Bitcoin across 14 wallets to reduce quantum risk
Saylor issues another buy signal
Saylor announced another Bitcoin transaction on Sunday. The executive chairman of X posted a message on Sunday. shared A screenshot with the caption of the Bitcoin Portfolio for the company. “needs more orange.”
Saylor regularly shares the Bitcoin tracker Right before Strategy purchases more Bitcoins for its Treasury.
According to Bitbo, Strategy has accumulated 636 505 Bitcoins, making it the biggest corporate Bitcoin holder.
The stock price of the company (MSTR). spent Most of August saw losses, but the stock is up 2.5% at $335.87 in last session. This is still a gain of nearly 12% for the year.
It comes as the Crypto Fear & Greed Index returned The 51st, after three days of being in neutral “fear” zone.
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Source: cointelegraph.com
