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Fidelity International get on board: New position of 3 million shares in MetaPlanet

[Coin World] Fidelity International's Discovery Fund has recently disclosed its holdings changes for the third quarter, among which there is a noteworthy action - a new position of 3 million shares in MetaPlanet, with a market capitalization of approximately 7.42 million dollars.

Many people may not be very familiar with the company MetaPlanet; it is actually a listed company in Japan that has started to aggressively buy Bitcoin as an asset reserve over the past two years, somewhat paralleling MicroStrategy. The willingness of traditional asset management giants like Fidelity to allocate to such “Bitcoin concept stocks” reflects, to some extent, an increasing acceptance of institutional exposure to crypto assets.

Although 7.42 million dollars is just a drop in the bucket for Fidelity, this shift in configuration direction is quite interesting—after all, traditional finance is starting to participate in the crypto market in this “curve-saving” way.

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CoffeeNFTradervip
· 6h ago
Fidelity is testing the waters here, starting with a small allocation to MetaPlanet as a stepping stone. Traditional finance is really starting to take encryption seriously; using a roundabout way is indeed a clever tactic. Wait, isn't this a sign of institutional FOMO? $7.42 million may be a drop in the bucket for Fidelity, but it carries significant symbolic meaning. This Japanese company is playing Bitcoin reserves just like MicroStrategy; by the way, has MetaPlanet risen that sharply? Institutions have always entered the market this way, starting with a small trial. This move by Fidelity may seem inconspicuous, but it is actually preparing for a larger action later on.
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ChainWallflowervip
· 11h ago
Haha, Fidelity is probably afraid that buying Bitcoin directly will get them scolded by the boss, so they are taking a roundabout way to play.
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potentially_notablevip
· 11h ago
Fidelity's recent move is quite smart; curve-saving is indeed the mainstream approach in traditional asset management now. Traditional Large Investors are starting to buy the dip in Bitcoin concept stocks, what does this indicate? It means they are starting to believe. The name MetaPlanet sounds like a project from the crypto world, but it turns out to be a listed company, which is interesting. 7.42 million may be a small amount, but the significance of this signal is far greater than the number itself. However, this also shows that true wisdom lies in finding ways to bypass those restrictions to participate in this market.
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ChainSauceMastervip
· 11h ago
Fidelity is essentially entering a position, the traditional giants can no longer sit still. MetaPlanet, this Japanese company is indeed interesting, it's just a shell game. 7.42 million is indeed a drop in the ocean for them, but what does this change in attitude signify? Institutions are starting to "curve save the country", each has their own little thoughts. Wait, could this just be a trial run, and they will have to increase their investment later?
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Rugman_Walkingvip
· 12h ago
Fidelity's move is quite interesting; traditional finance is starting to bypass the direct buying of coins and is shifting towards the concept stock route. The traditional pros are also getting restless. Although 7.42 million isn't much, the attitude has changed. MetaPlanet's operation is strikingly similar to MicroStrategy's; it seems that Coin Hoarding as a reserve strategy is indeed favored by institutions. The term "curve rescue" is very apt; this is essentially a compromise solution under Compliance. I am a bit worried that this might be a signal before institutions buy the dip... Speaking of which, is Fidelity really optimistic about BTC this time, or are they just testing the waters? Traditional asset management giants can no longer hold back; I must admit this transition is indeed significant. The Japanese outfit Coin Hoarding for asset reserves; there should have been institutions following suit by now. Institutional entry is like this, starting by exploring concept stocks and gradually mixing in.
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ImpermanentLossFanvip
· 12h ago
Fidelity has also started playing the curve rescue, and the FOMO of TradFi has really arrived.
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