#Investment giant takes stake in Bitcoin company#

Global investment giant Capital Group has become one of the largest shareholders in Japanese hotel investor Metaplanet, owning 5% of its shares. Metaplanet is known for its Bitcoin funding strategy that mimics MicroStrategy, and its share price has risen over 1700% in the past year. Capital Group is also the second largest shareholder in MicroStrategy, owning over 8% of the company. This investment indicates the growing interest in Bitcoin among large institutional investors and could drive Bitcoin prices higher. It is noteworthy that Capital Group manages over $2.3 trillion in assets, and its investment decisions have a significant impact on the market. Furthermore, Metaplanet holds 1,762 Bitcoins, making it the 15th largest publicly traded company holding Bitcoin, further demonstrating institutional interest in cryptocurrency.