The active acquisition of Bitcoin by several companies has led Capital Group to become the second-largest shareholder in both Metaplanet and Strategy.
Capital Group's Stake in Metaplanet
Metaplanet CEO Simon Gerovich announced that Capital Group has become the second-largest shareholder in the company. Currently, Capital Group holds a 6.10% stake in Metaplanet, worth approximately $0.5 billion. Capital Group increased its holdings by 1,819,100 shares to a total of 36,624,100 shares. In January this year, Capital Group owned a 5% stake, making it the third-largest shareholder.
Metaplanet's Plans to Buy Bitcoin
Metaplanet announced plans to raise $5.4 billion to purchase 210,000 BTC by 2027. Under the new goal, the company will issue 555 million shares through moving strike warrants to acquire more Bitcoin. This ambitious initiative aims to help Metaplanet narrow the gap with its larger peers.
Capital Group's Holdings in Strategy and Current Bitcoin Market Situation
Capital Group is also the second-largest shareholder in Strategy, the largest corporate holder of Bitcoin. Its stake consists of 14,679,783 shares worth $4.23 billion. On June 16, Strategy reported a Bitcoin purchase worth $1.05 billion, bringing its total to 592,100 BTC worth nearly $62.78 billion. Recently, several companies have added Bitcoin to their reserves, indicating a growing interest in cryptocurrency.
The increase of Capital Group's stake in Metaplanet and Strategy highlights the importance of Bitcoin as a strategic reserve for large companies, indicating a growing interest from the corporate sector in cryptocurrency.
