Global Investment Giant Capital Group Reaches 5% Stake in Bitcoin Holder Metaplanet

2025-01-14 12:23:25 Primitive Reading

From coindesk By James Van Straten

What to know:

Investment manager Capital Group, with $2.3 trillion in assets under management, has become a 5% shareholder in Metaplanet.
The company is also the second largest shareholder in MicroStrategy after executive chairman Michael Saylor.

One of the largest investment companies in the world with more than $2.3 trillion in assets under management, Los Angeles-based Capital Group has become one of the biggest shareholders in Metaplanet.

Based in Japan, Metaplanet was a hotel industry investor that's become notable 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 was noted in an X post by Metaplanet CEO Simon Gerovic.

Metaplanet holds 1,762 BTC and is the fifteenth-largest publicly traded company that holds bitcoin. Since they adopted a bitcoin treasury strategy in April 2024, their share price is up over 1,700%.

Capital Group is also the second largest shareholder of Bitcoin development company MicroStrategy (MSTR), owning 18.4 million shares, or more than an 8% stake in the company. Only founder and Executive Chairman Michael Saylor holds a larger stake. Other sizable investors include Vanguard Group, Morgan Stanley and Jane Street Group.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.