Morgan Stanley Affiliates Hold Large Stake in Metaplanet Shares for Securities Business Purposes

Key Points of This Article

• Three Morgan Stanley affiliates hold 5.25% of Metaplanet shares
• Four Bank of America affiliates also hold 5.31%

Morgan Stanley's 5.25%

On the 22nd, three entities affiliated with U.S. financial giant Morgan Stanley submitted a large shareholding report to the Kanto Finance Bureau, stating that they jointly hold 5.25% of Metaplanet's shares, which are held as financial assets in Bitcoin (BTC). The total number of shares held jointly amounts to 71,674,477 shares.

This submission is a procedure mandated for those who hold more than 5% of a listed company's shares. The report indicated that the joint holding ratio of the three companies is 5.25%, and the reporting obligation arose on the 15th.

The breakdown of the joint holdings includes 49,677,448 shares (3.64%) held by the UK entity Morgan Stanley & Company International, and 21,997,029 shares (1.61%) held by the U.S. entity Morgan Stanley & Company LLC. The Luxembourg entity MS Equity Financing Services (Luxembourg) held 6.02 million shares, but this number was deducted due to the existence of rights such as delivery claims among the joint holders, resulting in a total of 0 shares.

The purposes of holding as stated in the report are "holdings related to securities business" for the UK and U.S. entities, and "securities lending business" for the Luxembourg entity. The important contract section of the report notes the borrowing of 39,234,788 shares from seven institutional investors by the UK entity.

Bank of America Affiliates Also Report 5.31%

On the same day, four companies, including BofA Securities, a subsidiary of U.S. financial giant Bank of America, also submitted a joint large shareholding report to the Kanto Finance Bureau, stating a holding ratio of 5.31% as of the 15th. The total number of shares held jointly is 73,645,897, with the largest portion held by the UK entity Merrill Lynch International, which accounts for 64,133,579 shares (4.62%).

All four companies stated their purpose of holding as "holdings through financial product trading business." The important contract section of the report lists the borrowing of 68,631,675 shares from ten sources by Merrill Lynch International and the lending of 54,191,290 shares to nineteen sources.

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