Capital Group Becomes Largest Metaplanet Shareholder With 11.45% Stake

Capital Group has doubled its stake in Metaplanet, becoming the largest shareholder with an 11.45% holding worth nearly $500 million.

Bhushan Akolkar By Bhushan Akolkar Hamza Tariq Editor Hamza Tariq Updated 2 mins read
Capital Group Becomes Largest Metaplanet Shareholder With 11.45% Stake

Key Notes

  • Capital Group bought the Metaplanet stock dips, doubling its stake in the firm, despite a 40% drop.
  • Benchmark Equity Research reaffirmed its “Buy” rating on Metaplanet stock, setting a 2026 price target of 2,400 yen.
  • The firm cited its strong performance and recurring income from Bitcoin derivative strategies despite recent market pressures.

Capital Group, the $2.6 trillion asset manager, has become the largest shareholder of Japan’s Bitcoin BTC $111 338 24h volatility: 2.1% Market cap: $2.22 T Vol. 24h: $58.87 B Treasury firm Metaplanet by adding another 75.5 million MTPLF shares.

The asset manager has doubled its stake in the company, bringing ownership to 11.45%. This comes as Metaplanet stock has fallen 40% over the past month.

Capital Group Buys the Metaplanet Stock Dips

Metaplanet’s Chief Executive Officer, Simon Gerovich, confirmed the investment, highlighting the firm’s confidence in the company’s long-term strategy despite recent market volatility.

Earlier this week, Metaplanet acquired a total of 5,419 BTC for an investment value of $632 million, thereby becoming the fifth-largest corporate holder of BTC.

As a result, the company now holds a total of 25,555 BTC worth around $3 billion, as of the current BTC price.

The company is also on track to hit the 30,000 BTC target by the end of 2025. Metaplanet aims to hold 210,000 BTC, about 1% of the total supply, by the end of 2027. With plans to grow its treasury tenfold in two years, the stock could appeal to corporate investors.

Bitcoin Treasury Firm Gets Buy Rating

Benchmark Equity Research has reiterated its “Buy” rating on Metaplanet (MTPLF) stock, despite the 40% drop in the past month.

Benchmark analyst Mark Palmer has set a year-end 2026 price target of 2,400 yen for Metaplanet, compared to its current trading price of 533 yen, according to Yahoo Finance data.

Speaking on the development, Palmer said:

“Suggestions that bitcoin treasury strategies are unraveling, and that Metaplanet is running out of steam, are both premature and unwarranted, in our view. While recent short-seller attacks have pressured the Japanese company’s stock, such narratives overlook the context of its meteoric rise.”

The analyst highlighted that Metaplanet was Japan’s top-performing stock last year and remains up 56% year-to-date.

Palmer added that the company stands out by leveraging its Bitcoin holdings to generate recurring income through derivative strategies.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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