- Capital Group becomes Metaplanet’s largest shareholder, boosting its stake to 11.45% as the stock price declines significantly.
- Guided by a veteran portfolio manager, the firm’s strategy anticipates long-term Bitcoin value appreciation rivaling or surpassing gold.
A recent corporate filing shows that Capital Group is now the largest shareholder of the Japanese company Metaplanet. The American asset management firm increased its voting rights in Metaplanet from 8.31% to 11.45%.
Capital Group has become Metaplanet’s #1 shareholder, now holding 11.45% — a stake worth nearly $0.5B.
メタプラネットの最大株主にキャピタル・グループが登場。11.45％を保有、その規模は約5億ドル。 https://t.co/opotXbvMIm pic.twitter.com/0rvbvjExmu
— Simon Gerovich (@gerovich) September 25, 2025
It accomplished this by acquiring an additional 75.5 million shares of the company, which trades under the ticker MTPLF. This change in ownership moves Capital Group ahead of National Financial Services LLC. Metaplanet’s chief executive, Simon Gerovich, confirmed the development in a post on the social media platform X.
Capital Group manages approximately $2.6 trillion in assets. A report from The Wall Street Journal describes the firm’s method of investing in Bitcoin. Instead of holding the digital asset directly, Capital Group has built large positions in companies with substantial Bitcoin reserves. Over the past four years, the firm turned an initial $1 billion investment in these types of stocks into a portfolio valued at more than $6 billion.
A key holding for Capital Group is Strategy
The asset manager owned more than 12 percent of Strategy in 2021, a position then valued at over $500 million. Although that stake has since been reduced to 7.89 percent, its total value has grown to over $6 billion due to a large increase in Strategy’s share price. Capital Group also maintains shares in mining company MARA Holdings.
The Strategy for these investments is guided by portfolio manager Mark Casey, who has worked at Capital Group for 25 years. He has publicly referred to the cryptocurrency as a singular human creation. Casey and some colleagues at the firm anticipate the price of Bitcoin will continue to increase over the long term.
For its part, Metaplanet recently acquired 5,419 Bitcoin at a cost of about $633 million. This is the company’s largest single purchase to date. It brings Metaplanet’s total Bitcoin holdings to more than 25,500 BTC, placing it among the five largest corporate treasuries of Bitcoin globally.
Bitcoin (BTC) is trading at $111,180, down 1.90% in the past 24 hours. The cryptocurrency has lost 4.5% in the past week, though it remains up 31.8% over the last six months and 73% year-over-year. Its market capitalization stands at $2.22 trillion, with daily trading volume around $60.5 billion.
The recent pullback comes after BTC briefly touched $114,000 on September 25 before retreating below $112,000. Analysts attribute the move partly to cooling institutional demand for spot Bitcoin ETFs, with net inflows dropping 54% week-over-week, from $2.03 billion to $931 million. This slowdown has sparked concerns about whether the latest rally can sustain itself without strong ETF inflows.
Despite the short-term weakness, industry voices like Michael Saylor remain optimistic. He argues that continued corporate adoption and steady ETF accumulation could fuel another rally toward the end of the year.
On-chain data also shows that long-term holders remain strong, with supply held in illiquid wallets increasing, suggesting confidence in Bitcoin’s role as a long-term store of value.
