Shares of Japanese Bitcoin pioneer Metaplanet experienced a sharp 4.99% decline on Friday, closing at 533 yen. The sell-off occurred immediately following regulatory filings revealing that global investment firm Capital Group has accumulated an 11.45% stake, establishing itself as the company’s largest shareholder.
Trading Activity Reflects Market Concerns
During the trading session, Metaplanet shares fluctuated between 532 and 564 yen, representing a significant retreat from Thursday’s closing price of 561 yen. The market reaction appears counterintuitive given Capital Group’s substantial investment, valued at approximately $500 million, which typically signals institutional confidence.
The timing of this ownership change proves particularly noteworthy. Just last week, Metaplanet substantially expanded its Bitcoin treasury, acquiring an additional 5,419 BTC. This brings their total holdings to 25,555 BTC, valued at nearly $3 billion, with an average purchase price of $106,065 per Bitcoin.
Should investors sell immediately? Or is it worth buying Metaplanet?
Strategic Direction Under Scrutiny
While company leadership maintains their Bitcoin strategy remains unchanged, investors are questioning whether the new majority stakeholder will support or restrain Metaplanet’s aggressive digital asset accumulation plans. The company has publicly outlined ambitious targets of reaching 30,000 BTC by the end of 2025, with an even more ambitious long-term goal of 210,000 BTC.
Market performance metrics reveal a complex picture. Despite gaining over 390% year-to-date, Metaplanet shares have retreated more than 38% during the past four weeks of trading.
The upcoming trading sessions will prove critical in determining whether Friday’s decline represents a temporary market adjustment or the beginning of a more substantial trend reversal. Market participants await clarity on whether Metaplanet’s Bitcoin-focused strategy will continue unchanged under its new influential shareholder or if strategic modifications might be forthcoming.
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