One of the largest investment companies in the world with more than $2.3 trillion in assets under management, Los Angeles-based Capital Group has become one of the biggest shareholders in Metaplanet.

Based in Japan, Metaplanet was a hotel industry investor that’s become notable over the past year for its bitcoin (BTC) treasury strategy modeled along the lines of Michael Saylor’s MicroStrategy (MSTR). Capital Group’s boosted stake was noted in an X post by Metaplanet CEO Simon Gerovic.

Metaplanet holds 1,762 BTC and is the fifteenth-largest publicly traded company that holds bitcoin. Since they adopted a bitcoin treasury strategy in April 2024, their share price is up over 1,700%.

Capital Group is also the second largest shareholder of Bitcoin development company MicroStrategy (MSTR), owning 18.4 million shares, or more than an 8% stake in the company. Only founder and Executive Chairman Michael Saylor holds a larger stake. Other sizable investors include Vanguard Group, Morgan Stanley and Jane Street Group.

Read more: MicroStrategy Added 2,530 Bitcoin for $243M, Bringing Holdings to 450K BTC