Crypto News – El Salvador and Japanese firm Metaplanet are doubling down on Bitcoin, adding to their treasuries despite a 0.84% price drop to $108,283.57. El Salvador acquired 8 BTC this week, bringing its total holdings to 6,230.18 BTC, valued at over $679 million. Metaplanet, meanwhile, purchased 2,205 BTC, increasing its stash to 15,555 BTC, worth $1.68 billion. These moves reflect a belief in Bitcoin’s long-term value, even as the crypto market cap falls 4.6% to $3.44 trillion.
El Salvador’s strategy, led by President Nayib Bukele, continues to position the nation as a crypto pioneer, using Bitcoin to attract investment and reduce reliance on traditional financial systems. Metaplanet, funded by $1.1 million from TOBAM and $10.8 million via bonds, is following a similar playbook, reporting a 1,348.8% year-to-date BTC yield. The Blockchain Group also joined the trend, adding 116 BTC to its 1,904 BTC holdings, valued at €172 million.
It emphasize Bitcoin’s correlation with global M2 money supply, which hit a record $55.48 trillion, fueling predictions of a $170,000–$175,000 price target. However, market caution persists, with trading volume at a yearly low of $72.4 billion and U.S. tariff decisions looming. These institutional buys signal confidence, but investors should watch for potential pullbacks if macroeconomic conditions tighten.
