Capital Group Invests in Metaplanet, a Company with a Significant Bitcoin Treasury
March 2023
Background Information
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, a Japanese-based hotel industry investor.
Metaplanet was notable over the past year for its bitcoin treasury strategy modeled after Michael Saylor’s MicroStrategy (MSTR). The company holds 1,762 BTC, making it the fifteenth-largest publicly traded company that holds bitcoin.
Since Metaplanet adopted a bitcoin treasury strategy in April 2024, its share price is up over 1,700%. Capital Group’s boosted stake was noted in an X post by Metaplanet CEO Simon Gerovic.
Capital Group’s Involvement with MicroStrategy
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.
Additional Context
In a recent report, MicroStrategy added 2,530 new bitcoins to its treasury, valued at approximately $243 million. This brings MicroStrategy’s total bitcoin holdings to 450,000 BTC, solidifying its position as a significant player in the cryptocurrency space.
As an investment company with a significant presence in the hotel industry, Metaplanet’s decision to adopt a bitcoin treasury strategy demonstrates its commitment to diversifying its assets and potential for long-term growth.
- Capital Group, one of the largest investment companies in the world, has become a significant shareholder in Metaplanet, a Japanese-based hotel industry investor.
- Metaplanet holds 1,762 BTC, making it the fifteenth-largest publicly traded company that holds bitcoin, with a share price up over 1,700% since adopting a bitcoin treasury strategy in April 2024.
- Capital Group is also a significant shareholder of MicroStrategy, owning 18.4 million shares, or more than an 8% stake in the company.
- The trend of companies investing in bitcoin demonstrates the growing appeal of cryptocurrency as a diversification and long-term growth strategy.
Frequently Asked Questions
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What is Metaplanet?
Metaplanet is a Japanese-based hotel industry investor that has adopted a bitcoin treasury strategy, holding 1,762 BTC.
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Who is Capital Group?
Capital Group is one of the largest investment companies in the world, managing more than $2.3 trillion in assets under management.
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What is MicroStrategy’s bitcoin holdings?
MicroStrategy’s total bitcoin holdings are 450,000 BTC, valued at approximately $243 million after the recent addition of 2,530 new bitcoins to its treasury.
