Bank of America units disclose 5.31% stake in Metaplanet
- —Combined stake of the four BofA units is 5.31%, about 73.65 million shares
- —Merrill Lynch International holds ~68.63 million shares borrowed and ~54.19 million lent
- —Metaplanet CEO plans to lend up to 55 million shares (~¥15.1 billion) to underwriters
- —Stated purpose of holding is 'holding for financial instruments business'
Why it matters: Major banks becoming shareholders in a bitcoin treasury company deepens Metaplanet's ties to traditional finance.
Source: CoinDesk Japan