National Financial Services LLC's acquisition of 12.9% equity in Metaplanet highlights the rising institutional interest in Bitcoin investments.
National Financial Services LLC (NFS), a subsidiary of Fidelity Investments, has acquired 12.9% of Metaplanet, now holding 84.4 million shares valued at approximately $816 million. This marks a significant increase from 1.91 million shares held previously. Metaplanet, which has accumulated 16,352 BTC worth $1.6 billion, aims to increase its Bitcoin holdings to 100,000 BTC by the end of 2026. Despite a 24% drop in stock price, the company's trading activity remains high, accounting for 29.2% of yen-denominated trading volume on the Tokyo Stock Exchange’s Standard Market.