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 recently made headlines as one of the biggest shareholders in Metaplanet.
Metaplanet, based in Japan, initially found its footing as a hotel industry investor. However, in the past year, it has gained considerable attention for its innovative bitcoin (BTC) treasury strategy, which closely mirrors the successful approach adopted by Michael Saylor’s MicroStrategy (MSTR). This strategic shift has expanded Metaplanet’s influence in the cryptocurrency market and attracted significant investment interest. Capital Group’s increased stake was highlighted in a post by Metaplanet CEO Simon Gerovic on X.
Currently, Metaplanet holds 1,762 BTC, positioning it as the fifteenth-largest publicly traded company with Bitcoin assets. Since the implementation of its bitcoin treasury strategy in April 2024, Metaplanet’s share price has skyrocketed by over 1,700%, marking a remarkable turnaround and demonstrating the potential of cryptocurrency investments.
In addition to its stake in Metaplanet, Capital Group is also recognized as the second-largest shareholder of Bitcoin development company MicroStrategy (MSTR), owning 18.4 million shares, which amounts to more than an 8% stake in the company. Notably, only founder and Executive Chairman Michael Saylor holds a more significant share. Other substantial investors in MicroStrategy include Vanguard Group, Morgan Stanley, and Jane Street Group, underlining the increasing interest from institutional investors in the Bitcoin space.
This trend of institutional investment in Bitcoin is indicative of a broader acceptance of digital assets within traditional finance, setting the stage for potential future growth in cryptocurrency markets. The collaboration and investments from firms like Capital Group not only provide necessary capital for companies like Metaplanet but also enhance the legitimacy and stability of Bitcoin as an asset class.
As the convergence of traditional investment strategies and digital assets continues, the implications for investors are profound. Institutions are recognizing the value of Bitcoin, and with strategic players like Capital Group leading the way, the landscape of investment is evolving rapidly.
Read more about MicroStrategy’s recent Bitcoin acquisitions in this article: MicroStrategy Added 2,530 Bitcoin for $243M, Bringing Holdings to 450K BTC
