Metaplanet has announced that National Financial Services LLC (NFS), a subsidiary of Fidelity Investments, is now its largest shareholder.
In a July 15 disclosure, the firm revealed that NFS holds 84.4 million shares, equivalent to 12.9% of its total equity. Based on current valuations, this stake is worth approximately ¥121 billion or around $816 million.
As of March 31, NFS only held 1.91 million shares in Metaplanet.
NFS is a custodian for retail and institutional investors using Fidelity’s trading platforms. Fidelity is one of the 12 issuers of spot Bitcoin ETFs in the US, with its FBTC fund managing around $25 billion in assets.
This dramatic increase reflects growing institutional and retail interest in the Japan-based firm, which is largely driven by its bold commitment to Bitcoin.
Earlier this month, Metaplanet CEO Simon Gerovich reported that Capital Group, another major US asset management firm overseeing $2.9 trillion in assets, disclosed a sizable position in Metaplanet.
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