Metaplanet's largest shareholder sells $32 million in shares
- —18.43 million Metaplanet shares sold for about 4.84 billion yen
- —Capital Research ceased to be the largest shareholder as of September 8
- —Metaplanet shares fell from 326 to 244 yen over five trading days
- —On September 16 the stock opened at 235 yen, with a low of 232 yen
Why it matters: Metaplanet is one of the largest corporate bitcoin holders, and the sell-off by a key shareholder weighs on its stock and could weaken its BTC accumulation strategy.
Source: CoinDesk Japan