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 a major shareholder in Metaplanet.
Based in Japan, Metaplanet was a hospitality investor that rose to prominence over the past year for its Bitcoin (BTC) treasury strategy modeled after Michael Saylor’s MicroStrategy (MSTR). Capital Group’s increased stake was highlighted in an article by Metaplanet CEO Simon Gerovic.
Metaplanet holds 1,762 BTC and is the fifteenth publicly traded company holding Bitcoin. Since they adopted a Bitcoin cash strategy in April 2024, their stock price has increased by over 1,700%.
Capital Group is also the second-largest shareholder of Bitcoin development company MicroStrategy (MSTR), holding 18.4 million shares, or more than 8% of the company’s equity. Only founder and executive chairman Michael Saylor has a larger stake. Other significant investors include Vanguard Group, Morgan Stanley and Jane Street Group.
Read more: MicroStrategy added 2,530 Bitcoins for $243 million, bringing its holdings to 450,000 BTC
