Major Investment Firm Capital Group Becomes Top Shareholder in Bitcoin-Focused Metaplanet

In a significant move within the digital asset space, Capital Group, a global asset management titan overseeing $2.6 trillion, has substantially increased its stake in Metaplanet Inc., making it the company’s largest shareholder. Between August and September 17, Capital Group boosted its holding from 8.31% to 11.45% through a subsidiary. This investment, valued at approximately $500 million, displaces National Financial Services LLC from the top shareholder position.

This strategic acquisition provides Capital Group with considerable exposure to Bitcoin via what is considered Asia’s most aggressive corporate treasury strategy. The move signals strong institutional confidence in Metaplanet’s Bitcoin-centric business model, even amid recent market volatility.

Metaplanet’s shares have faced significant pressure, declining roughly 40% over the past four weeks. This downturn... Read more...