Capital Group becomes the largest shareholder of Metaplanet, with a holding valued at 500 million dollars

ChainCatcher News, Simon Gerovich, CEO of the Japanese Bitcoin treasury company Metaplanet, disclosed that Capital Group has become the largest shareholder of Metaplanet, currently holding 11.45% of the shares, with a market value close to $500 million.

Capital Group is a mutual fund giant with a 94-year history, known for its conservative investment style. Its holdings in Bitcoin-related stocks have grown from $1 billion to over $6 billion. According to The Wall Street Journal, Mark Casey, a portfolio manager at Capital Group with 25 years of experience, led the company's foray into Bitcoin. Casey stated that his investment style is heavily influenced by Benjamin Graham and Warren Buffett, but he has now become an advocate for Bitcoin.