Fidelity becomes the biggest shareholder in Japan-based Bitcoin treasury company Metaplanet
The post Fidelity becomes the biggest shareholder in Japan-based Bitcoin treasury company Metaplanet appeared on BitcoinEthereumNews.com. Popular investment firm Fidelity has become the largest shareholder of Japan-based Bitcoin treasury company Metaplanet. The company CEO, Simon Gerovich, disclosed this today on X, noting that the firm owns 12.9% of its shares. According to Gerovich, a limited liability company known as National Financial Services (NFS) LLC is the biggest shareholder in Metaplanet as of June 30. The company holds 130 billion Yen (approximately $820 million) shares. Interestingly, NFS is a subsidiary fully owned by Fidelity Investments and serves as custodian for shares bought through the Fidelity platform. Gerovich explained: “NFS is a wholly owned subsidiary of Fidelity Investments and typically acts as custodian for retail and institutional investors who purchase shares via Fidelity platforms.” Based on Gerovich’s explanation, Fidelity through NFS holds most of the shares in custody for customers who buy Metaplanet shares through the platform. While the Bitcoin treasury company is listed on the Tokyo Stock Exchange, Fidelity is one of the brokerage firms with Metaplanet stock available for its customers earlier this year. Gerovich acknowledged this is a positive sign for the company, noting that its shareholder base continues to expand with its stock becoming globally accessible. Interestingly, Fidelity, being the largest shareholder of Metaplanet, is similar to how Vanguard is also the largest holder of the Strategy (formerly MicroStrategy) shares through its funds. However, unlike Vanguard, which refuses to allow Bitcoin exchange-traded funds (ETFs) trading on its platform, Fidelity not only lists Bitcoin ETFs but also has its own spot Bitcoin ETF (FBTC). In both cases, the firms’ exposure to the Bitcoin treasury companies is due to their customers, showing substantial interest in these companies from retail and institutional investors who trade and invest through the TradFi brokerage and investment firms. Metaplanet solidifies position as a top-five corporate holder of BTC Meanwhile, the recent…

The post Fidelity becomes the biggest shareholder in Japan-based Bitcoin treasury company Metaplanet appeared on BitcoinEthereumNews.com.
Popular investment firm Fidelity has become the largest shareholder of Japan-based Bitcoin treasury company Metaplanet. The company CEO, Simon Gerovich, disclosed this today on X, noting that the firm owns 12.9% of its shares. According to Gerovich, a limited liability company known as National Financial Services (NFS) LLC is the biggest shareholder in Metaplanet as of June 30. The company holds 130 billion Yen (approximately $820 million) shares. Interestingly, NFS is a subsidiary fully owned by Fidelity Investments and serves as custodian for shares bought through the Fidelity platform. Gerovich explained: “NFS is a wholly owned subsidiary of Fidelity Investments and typically acts as custodian for retail and institutional investors who purchase shares via Fidelity platforms.” Based on Gerovich’s explanation, Fidelity through NFS holds most of the shares in custody for customers who buy Metaplanet shares through the platform. While the Bitcoin treasury company is listed on the Tokyo Stock Exchange, Fidelity is one of the brokerage firms with Metaplanet stock available for its customers earlier this year. Gerovich acknowledged this is a positive sign for the company, noting that its shareholder base continues to expand with its stock becoming globally accessible. Interestingly, Fidelity, being the largest shareholder of Metaplanet, is similar to how Vanguard is also the largest holder of the Strategy (formerly MicroStrategy) shares through its funds. However, unlike Vanguard, which refuses to allow Bitcoin exchange-traded funds (ETFs) trading on its platform, Fidelity not only lists Bitcoin ETFs but also has its own spot Bitcoin ETF (FBTC). In both cases, the firms’ exposure to the Bitcoin treasury companies is due to their customers, showing substantial interest in these companies from retail and institutional investors who trade and invest through the TradFi brokerage and investment firms. Metaplanet solidifies position as a top-five corporate holder of BTC Meanwhile, the recent…
What's Your Reaction?






