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Cryptocurrency News Articles

Capital Group Invests in Metaplanet, a Hotel Industry Investor That's Become Notable for Its Bitcoin (BTC) Treasury Strategy

Jan 13, 2025 at 11:56 pm

Capital Group Invests in Metaplanet, a Hotel Industry Investor That's Become Notable for Its Bitcoin (BTC) Treasury Strategy

One of the largest investment companies in the world has quietly become one of the biggest shareholders in Metaplanet, a Japanese company that has become notable over the past year for its bitcoin (BTC) treasury strategy.

Los Angeles-based Capital Group, which has more than $2.3 trillion in assets under management, now holds a 5.1% stake in Metaplanet, according to a regulatory filing on Monday. The stake is valued at around $110 million, based on Metaplanet's closing share price on Friday.

Metaplanet, which was formerly a hotel industry investor, began buying bitcoin in April 2024 and now holds 1,762 BTC, making it the fifteenth-largest publicly traded company that holds bitcoin. The company's shares have risen by over 1,700% since it adopted the bitcoin treasury strategy.

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.

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Other articles published on Apr 27, 2025