Capital Research Raises Metaplanet Voting Stake To 11.11%

TL;DR: Capital Research and Management’s reported Metaplanet voting stake reached 11.11% as of October 16. Both a larger holding and a share buyback affected the percentage. Metaplanet has disclosed that Capital Research and Management crossed the 10% voting-rights threshold, based on an investor report. The company’s October 23 notice puts the investment adviser’s reported position at 143,301,084 shares as of October 16, equivalent to 11.11% of voting rights. The September 8 comparison showed 125,455,820 shares and a 9.32% stake. The two snapshots show 17,845,264 additional reported shares. That arithmetic does not date individual trades or establish a new corporate Bitcoin purchase. Both Sides Of The Ownership Calculation Changed The percentage also reflects treasury shares acquired in Metaplanet’s October 14 buyback, which reduced the voting-rights denominator. Ownership percentages are fractions: the investor’s holding sits above the total carrying voting rights. Increasing the first figure or reducing the second makes the percentage larger, so comparing the percentages alone can obscure what happened. Voting power also answers a narrower question than economic exposure: how mu...