Global Investment Giant Capital Group Takes Up 5% Stake in BTC Holder Metaplanet.
One of the world’s largest investment firms with more than $2.3 trillion in assets under management, Los Angeles-based Capital Group has become one of the largest shareholders in Metaplanet.
Based in Japan, Metaplanet is an investor in the hotel industry that has gained attention over the past year for its bitcoin (BTC) treasury strategy modeled along the lines of Michael Saylor’s MicroStrategy (MSTR). Capital Group’s boosted stake is mentioned in an X post by Metaplanet CEO Simon Gerovic.
Metaplanet holds 1,762 BTC and is the fifteenth largest publicly traded company holding bitcoin. Since they adopted a bitcoin treasury strategy in April 2024, their share price has increased by more than 1,700%.
Capital Group is the second largest shareholder of Bitcoin development company MicroStrategy (MSTR), owning 18.4 million shares, or more than 8% stake in the company. Only founder and Executive Chairman Michael Saylor holds a larger stake. Other major investors include Vanguard Group, Morgan Stanley and Jane Street Group.
Read more: MicroStrategy Adds 2,530 Bitcoins for $243M, Brings Holdings to 450K BTC
