Summary
- Capital Group has reportedly acquired a 5% stake in Metaplanet.
- Metaplanet's stock price has surged by 1700% due to its Bitcoin holding strategy.
- Capital Group also holds an 8% stake in MicroStrategy.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 13th (local time), Capital Group, a comprehensive financial company in the United States with assets under management amounting to $2.3 trillion, has acquired a 5% stake in the Japanese listed company Metaplanet, which has incorporated Bitcoin (BTC) as a major asset.
Metaplanet currently holds 1,762 BTC, making it the 15th largest holder among companies that own Bitcoin.
Since adopting a Bitcoin holding strategy in April last year, Metaplanet's stock price has surged by 1700%.
Additionally, Capital Group holds an 8% stake in MicroStrategy (NASDAQ ticker: MSTR), the company with the largest BTC holdings among individual firms.
Meanwhile, as of 02:05 on the 14th, BTC is trading at $91,456 on the Binance Tether (USDT) market, down 3.83% from the previous day.
JH Kim
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