Capital Group Boosts Bitcoin Exposure with Metaplanet Investment
Capital Group, a major U.S. investment firm, has acquired an 11.45% stake in Metaplanet, a Japanese Bitcoin treasury firm. This move, valued at nearly $500 million, makes Capital Group the largest shareholder in Metaplanet.
Metaplanet has been steadily increasing it’s Bitcoin holdings. Recently, it bought 5,419 BTC, worth about $633 million. Now, it holds around 26,000 BTC, ranking it among the top five corporate Bitcoin treasuries globally.
Capital Group has been expanding its crypto exposure through equity stakes.It does not hold Bitcoin directly or offer a BTC exchange-traded fund. Instead, it invests in companies with meaningful Bitcoin holdings.
For example, in 2021, Capital group acquired a 12.3% stake in Strategy, the largest public holder of BTC. This position is now valued at about $6.2 billion.
Capital Group, with over $2.3 trillion in assets under management, is known for its conservative approach. Its latest move shows growing institutional interest in Bitcoin as an asset class.
At press time, bitcoin trades near $111,000, down 4.5% this week. The broader crypto market is struggling to maintain momentum.
