Metaplanet has announced that National Financial Services LLC (NFS), a subsidiary of Fidelity Investments, is currently its largest shareholder.
In a July 15 disclosure, the company revealed that NFS holds 84.4 million shares, equivalent to 12.9% of its total shares. Based on the current valuation, the shares are worth around 121 billion yen or about $816 million.
As of March 31, NFS holds only 1.91 million shares in Metaplanet.
NFS is a retail and institutional custodian using Fidelity’s trading platform. Fidelity is one of 12 issuers of the US Spot Bitcoin ETF, with the FBTC fund managing approximately $25 billion in assets.
This dramatic increase reflects the growing institutional and retail interest in Japanese-based companies, driven primarily by a bold commitment to Bitcoin.
Earlier this month, Metaplanet CEO Simon Gerovich reported that Capital Group, another US asset management company that oversees $2.9 trillion in assets, has revealed a significant position in Metaplanet. The company owns 44.2 million shares, accounting for 6.6% of its total ownership.
Georvich said these investments are evidence that the company’s “shareholder base continues to evolve as global access expands.”
Bitcoin Holdings is surged amid stock headwinds
This institutional attention has arisen over the past year amid Metaplanet’s aggressive Bitcoin purchases.
According to Metaplanet data, the Japanese-based company owns 16,352 BTC, which was acquired for $1.6 billion. The significant holdings have resulted in unrealized benefits of over $300 million.
Holdings also position the company as the fifth largest public owner of Bitcoin, surpassing names like Tesla.
Despite this aggressive accumulation strategy, Metaplanet stocks have faced recent headwinds. According to Yahoo Finance data, its stock has exceeded 24% in the past month, trading at around 1,436 yen after a decline of 8% today.
Still, Metaplanet’s stock trading activity continues to rise.
Dylan Leclair, director of the company’s Bitcoin strategy, reported that in the last 20 sessions it accounted for 29.2% of all Japanese Yen religion traded on the Tokyo Stock Exchange’s standard market.
This momentum has strengthened its profile as one of Japan’s most monitored interim stocks following an astounding 1,400% increase in the company’s stock price over the past year.
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