The move reflects growing international interest in the Tokyo-listed firm, which has positioned itself as a public-market proxy for Bitcoin […]
The post Fidelity Subsidiary Takes $820M Stake in Metaplanet appeared first on Coindoo.
The move reflects growing international interest in the Tokyo-listed firm, which has positioned itself as a public-market proxy for Bitcoin exposure.
While independent confirmation with Fidelity’s unit is pending, Metaplanet CEO Simon Gerovich noted that global investor participation is accelerating. Despite the development, shares closed over 7% lower during Asia trading.
Metaplanet currently holds over 16,000 BTC—acquired through aggressive fundraising efforts—and aims to control 1% of Bitcoin’s total supply. The firm also plans to channel $5 billion into its U.S. operations and pursue acquisitions, including a digital bank, using its Bitcoin reserves as strategic capital.
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The company’s strategy has drawn comparisons to MicroStrategy in the U.S., but Metaplanet’s approach is even more aggressive. Through ongoing share issuances under its “555 Million Plan,” it aims to rapidly scale BTC ownership while attracting global capital seeking exposure to Bitcoin through traditional equity markets.
The post Fidelity Subsidiary Takes $820M Stake in Metaplanet appeared first on Coindoo.
Source: https://coindoo.com/fidelity-subsidiary-takes-820m-stake-in-metaplanet/
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