Capital Group Acquires 5% Stake in Metaplanet Valued at ¥126.75 Billion

Metaplanet Inc (Tokyo: 3350) has secured a significant investment from Capital Group, which has acquired 5% of the company's valuation of approximately ¥126.75 billion. Capital Group, managing over $2.7 trillion in assets, is now the third-largest shareholder of Metaplanet.

CEO Simon Gerovich announced this development after meeting MicroStrategy co-founder Michael Saylor. Metaplanet aims to enhance its Bitcoin holdings, targeting a balance of 10,000 BTC by 2025. Currently, the company holds about 1,762 BTC, comprising 20.45% of its market cap.

Key points include:

Metaplanet’s stock has increased over 270% in the past three months, now trading at approximately ¥3,560.
The company is recognized for its contributions to the Bitcoin ecosystem, supporting its growth and education efforts.
Bitcoin's total value locked exceeds $6.5 billion, with over 742K daily active holders.
Regulatory developments are expected to attract more institutional investments in Bitcoin.
Bitcoin's current market capitalization stands at $2 trillion, with potential to surpass Gold’s $18 trillion market cap.
Mainstream adoption by institutional investors may positively impact altcoins with strong use cases.

Overall, Metaplanet's new partnership indicates growing institutional interest in Bitcoin and the Web3 space.