Global Investment Giant Capital Group Reaches 5% Stake in Bitcoin Holder Metaplanet
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 treasury strategy modeled along the lines of Michael Saylor's MicroStrategy . 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 , 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.Read more: MicroStrategy Added 2,530 Bitcoin for $243M, Bringing Holdings to 450K BTC