#Capital giants invest in cryptocurrency hotel businesses.#

Global investment giant Capital Group has taken a stake in Japanese hotel industry investor Metaplanet, becoming one of its largest shareholders. Metaplanet is known for mimicking MicroStrategy's Bitcoin funding strategy and holds 1,762 Bitcoins, making it the fifteenth-largest publicly listed company holding Bitcoin. Capital Group is also MicroStrategy's second-largest shareholder, holding over 8% of the company's shares. This investment suggests growing interest in cryptocurrencies from traditional financial institutions and could signal further entry of institutional investors into the crypto market. Capital Group's investment also indicates increasing recognition of Bitcoin as an asset class and its potential to become part of institutional investment portfolios. Since implementing its Bitcoin funding strategy in April 2024, Metaplanet's share price has risen over 1,700%, demonstrating the success of the strategy and potentially attracting more investors to follow suit.