Capital Group Becomes Metaplanet's Largest Shareholder, with a Holding Value of $500 Million

BlockBeats News, September 25th. Simon Gerovich, CEO of Japan's Bitcoin Treasury company Metaplanet, revealed in a post that Capital Group has become Metaplanet's largest shareholder, currently holding 11.45% of the company, with a market value close to 500 million US dollars.

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 US dollars to over 6 billion US dollars. 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 was heavily influenced by Benjamin Graham and Warren Buffett, but he has now become an advocate for Bitcoin.