Fidelity brokerage clients are now largest shareholders of bitcoin treasury firm Metplanet
Quick Take
- Clients of National Financial Services, a broker-dealer for Fidelity Investments, now own 12.9% of Metaplanet after acquiring 84.4 million shares worth about $820 million, making it the Tokyo firm’s largest shareholder.
- The stake may strengthen Metaplanet’s push to mirror Strategy, as it pursues a goal of holding 1% of bitcoin’s supply.
Metaplanet (MTPLF), a Tokyo‑listed investment company pursuing an aggressive bitcoin‑treasury strategy, disclosed that clients of National Financial Services LLC, a wholly owned subsidiary of Fidelity Investments, have become its largest shareholder with a 12.9 % stake.
A filing dated June 30 shows NFS holding 84.4 million Metaplanet shares, worth approximately 130 billion yen, or about $820 million. The firm usually acts as a clearing house and custody broker-dealer for retail and institutional clients who trade through Fidelity’s platforms, suggesting fresh overseas demand for the stock as a proxy for bitcoin exposure.
“Our shareholder base continues to evolve as global access expands,” Metaplanet CEO Simon Gerovich wrote on X. The official disclosure noted that independent verification with the Fidelity subsidiary is pending. Metaplanet shares closed down over 7% during Asia hours, Yahoo Finance data shows.
Metaplanet, often dubbed “Asia’s MicroStrategy,” has raised more than $1 billion this year through a series of stock‑acquisition rights and share issuances aimed at building one of the world’s largest corporate bitcoin reserves. The company recently increased its holding to 16,352 BTC, acquired for roughly $1.64 billion in total, according to The Block’s data dashboard.
Previously, Gerovich’s firm unveiled its “555 Million Plan” to issue up to that many new shares and eventually amass 1% of bitcoin’s fixed 21 million supply. The firm has also announced plans to inject $5 billion into its U.S. subsidiary and leverage its growing BTC stack to acquire cash-generating businesses, such as a digital bank.
Correction: National Financial Services is not Fidelity Investment’s custody arm as mentioned in a previous version of this article, rather a clearing and custody broker-dealer of Fidelity. Additionally, National Financial Services is not a shareholder of Metaplanet, but clients of National Financial Services are.
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