Fidelity’s Bold Move: Subsidiary Snags $816M Stake to Become Metaplanet’s Largest Shareholder

Wall Street's quiet giant just made a power play. Fidelity's investment arm has quietly amassed an $816 million position in Metaplanet—overnight becoming its top shareholder. No press releases, no flashy announcements—just cold, hard capital moving behind the scenes.

Why this matters: When traditional finance heavyweights start placing billion-dollar bets on crypto-adjacent firms, it's not just an investment—it's a signal. Metaplanet's stock barely blinked on the news, proving once again that markets take weeks to digest what insiders already know.

The cynical take: Another 'strategic investment' that'll either mint generational wealth or become a case study in chasing the crypto hype cycle. Either way, the fees on that $816M stake just paid for some banker's Hamptons summer.

Bitcoin holdings surge amid stock headwinds

This institutional attention comes amid Metaplanet’s aggressive bitcoin purchases over the past year.

According to Metaplanet’s data, the Japan-based firm holds 16,352 BTC, which was acquired for $1.6 billion. The significant holdings have yielded unrealized profits of more than $300 million.

The holdings have also positioned the firm as the fifth-largest public holder of Bitcoin, surpassing names like Tesla.

Despite this aggressive accumulation strategy, Metaplanet’s stock has faced recent headwinds. According to Yahoo Finance data, its shares are down over 24% in the past month, trading at around ¥1,436 after an 8% drop today.

Still, Metaplanet’s stock trading activity remains elevated.

Dylan LeClair, the company’s Director of Bitcoin Strategy, reported that the firm accounted for 29.2% of all Japanese yen-denominated trading volume on the Tokyo Stock Exchange’s Standard Market over the past 20 sessions.

This momentum follows a staggering 1,400% gain in the company’s stock price over the past year, reinforcing its profile as one of Japan’s most watched mid-cap stocks.