Capital Group Becomes Largest Metaplanet Shareholder With $0.5B Stake

Capital Group, a $2.6 trillion asset manager, has increased its stake in Japan's Bitcoin Treasury firm Metaplanet by purchasing an additional 75.5 million MTPLF shares. This move makes Capital Group the largest shareholder with an 11.45% ownership, despite Metaplanet’s stock decreasing by 40% over the past month.

Strategic Investment Amid Market Volatility

Metaplanet's CEO, Simon Gerovich, confirmed the investment and expressed confidence in the company's long-term strategy.
Metaplanet recently acquired 5,419 BTC for $632 million, becoming the fifth-largest corporate holder of BTC.
The company now holds 25,555 BTC, valued at approximately $3 billion, and aims to reach 30,000 BTC by the end of 2025.
Metaplanet plans to increase its Bitcoin treasury tenfold within two years, targeting 210,000 BTC by the end of 2027.

Analyst Support and Price Target

Benchmark Equity Research maintains a "Buy" rating on Metaplanet stock (MTPLF).
Analyst Mark Palmer set a year-end 2026 price target of 2,400 yen, up from the current price of 533 yen.
Palmer emphasized that concerns about Metaplanet's strategy are premature, noting the company’s significant rise and performance as Japan's top stock last year, with a 56% increase year-to-date.
Metaplanet uses its Bitcoin holdings to generate income through derivative strategies.