Metaplanet has announced that National Financial Services LLC (NFS), the broker-dealer of Fidelity Investments, is now its largest shareholder.

In a July 15 disclosure, the firm revealed that NFS holds 84.4 million shares, equivalent to 12.9% of its total equity. Based on current valuations, this stake is worth approximately ¥121 billion or around $816 million.

As of March 31, NFS only held 1.91 million shares in Metaplanet.

NFS is a brokerage firm for retail and institutional investors using Fidelity’s trading platforms. Fidelity is one of the 12 issuers of spot Bitcoin ETFs in the US, with its FBTC fund managing around $25 billion in assets.

This dramatic increase reflects growing institutional and retail interest in the Japan-based firm, which is largely driven by its bold commitment to Bitcoin.

Earlier this month, Metaplanet CEO Simon Gerovich reported that Capital Group, another major US asset management firm overseeing $2.9 trillion in assets, disclosed a sizable position in Metaplanet. The firm reportedly owns 44.2 million shares, representing 6.6% of total ownership.

Read the full article here at CoinTelegraph.