El Salvador and Metilantan are doubled to purchase the low price of bitcoin

El Salvador and Tokyo’s positions Bitcoin Metaplanet has benefited from the last low prices of BTC to expand its investments in the pioneer in encryption.

This step comes as Bitcoin value decreased to the lowest level in three months less than 90,000 dollars Because of a shrinkage in the broader market, which led to the liquidation of more than a billion dollars.

El Salvador enhances bitcoin reserves

On February 24, President El Salvador Nayb Bokil It announced that the country had received an additional 7 BTC, at a value of about $ 614,000.

The purchase process increases the bitcoin possesses in El Salvador to 6,088 BTC, which is value About $ 541 million based on the current market prices.

El Salvador moves after the country stopped buying a daily bitcoin buying last week, prompting media speculation.

Since November 2022, the nation has been constantly bought one bitcoin every day. However, the last purchase before the recent acquisition occurred on February 18, which led to rumors that El Salvador may surrender Pressure from the International Monetary Fund (International Monetary Fund) To reduce BTC exposure.

However, the President of the Prisoner advertisement The skeptics who have been silent, has suspended the news with “Ya Yi of Little Faith”, which enhances the nation’s commitment to its bitcoin strategy despite external pressures.

Metaplanet’s btc buy

At the same time, metaplanet It also benefited from the low price by obtaining 135 BTC at a value of about 1.9 billion yen (12.9 million dollars) at an average price of 14.3 million yen (95,961 dollars) per bitcoin.

With this last acquisition, the total Bitcoin’s possessions in Metaplanet are now at 2,235 BTC – an increase of 1761 BTC held at the end of 2024.

CEO of Metaplanet Simon Girovic Assure The company’s focus on maximizing the return on bitcoin, which targeted a 35 % annual return in 2025. He pointed out that the company has already achieved a cumulative return of 23.2 % in this quarter.

Meanwhile, this acquisition corresponds to the goal of Metaplanet of collecting 10,000 BTC by the end of 2025 and 21000 BTC by the end of the following year.

Despite its strategic investments in Bitcoin, Metapnel’s shares showed a few positive movement, as it recorded a decrease of more than 3.2 % today, based on data from Google Finance.

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