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One of the largest concern companies successful the satellite with much than $2.3 trillion successful assets nether management, Los Angeles-based Capital Group has go 1 of the biggest shareholders successful Metaplanet.
Based successful Japan, Metaplanet was a edifice manufacture capitalist that's go notable implicit the past twelvemonth for its bitcoin (BTC) treasury strategy modeled on the lines of Michael Saylor's MicroStrategy (MSTR). Capital Group's boosted involvement was noted successful an X post by Metaplanet CEO Simon Gerovic.
Metaplanet holds 1,762 BTC and is the fifteenth-largest publically traded institution that holds bitcoin. Since they adopted a bitcoin treasury strategy successful April 2024, their stock terms is up implicit 1,700%.
Capital Group is besides the 2nd largest shareholder of Bitcoin improvement institution MicroStrategy (MSTR), owning 18.4 cardinal shares, oregon much than an 8% involvement successful the company. Only laminitis and Executive Chairman Michael Saylor holds a larger stake. Other sizable investors see Vanguard Group, Morgan Stanley and Jane Street Group.
Read more: MicroStrategy Added 2,530 Bitcoin for $243M, Bringing Holdings to 450K BTC
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