Investment firm Capital Group has become one of Metaplanet's largest shareholders
Gold Finance reports that Capital Group, a Los Angeles-based investment firm with more than $2.3 trillion in assets under management, has become one of the largest shareholders in Metaplanet. Metaplanet, which is based in Japan, has been in the spotlight over the last year for building a Bitcoin (BTC) reserve modeled after Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 Bitcoins, making it the fifteenth largest publicly traded company in the world to hold Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank develops contingency plans for slowdown in US data center business, considers shifting to other countries
A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.
Quantumrail Cancels 10 Billion Won Convertible Bond Offering
Crypto prices
More
