Scottie Pippen Celebrates Bitcoin Price Surge as Metaplanet's Holdings Surpass El Salvador
Bitcoin's Recent Rally Sparks Optimism
Scottie Pippen, a well-known Bitcoin advocate, recently celebrated the cryptocurrency's price surge, which briefly touched $106,000. The former NBA star, famous for his bullish Bitcoin tweets, expressed his enthusiasm as the leading crypto reached new heights.
The price jump coincided with a significant U.S.-China trade development, as both nations agreed to reduce tariffs for 90 days to ease global trade tensions. According to on-chain data aggregator Santiment, this agreement sparked bullish momentum across both Bitcoin and traditional stock markets. However, the firm cautioned that an official statement from former President Donald Trump is still awaited for confirmation.
Metaplanet's Bitcoin Holdings Exceed El Salvador's
In another notable development, Japanese company Metaplanet announced the purchase of 1,241 Bitcoins, worth approximately $125.3 million. This acquisition brings the firm's total Bitcoin holdings to 6,796 BTC, surpassing El Salvador's 6,714 BTC.
El Salvador, which adopted Bitcoin as legal tender in 2021, holds Bitcoin valued at $699 million. However, both entities trail behind Michael Saylor's Strategy (formerly MicroStrategy), which holds 555,450 BTC, and BlackRock's Bitcoin ETF, which owns nearly 572,000 BTC.
These moves highlight the growing institutional appetite for Bitcoin, as major players continue to accumulate the cryptocurrency amid its price rally.
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