- Metaplanet has joined CoinShares Blockchain Global Equity Index.
- The company has approximately 1,100 BTC, which aligns with their Bitcoin strategy.
Metaplanet Inc., a publicly traded Japanese investment firm, has been acknowledged to the famous CoinShares Blockchain Global Equity Index (BLOCK Index). Metaplanet’s debut in a globally recognized equity index underscores its growing significance in the blockchain and cryptocurrency sectors. This achievement highlights its expanding influence, especially within Asia. The BLOCK Index, managed by CoinShares, highlights prominent publicly traded companies that are driving blockchain innovation.
Simon Gerovich, CEO of Metaplanet, recognized his enthusiasm for the listing, saying on X, We are thrilled to announce our inclusion in the CoinShares Blockchain Global Equity Index. He stated that the listing strengthens Metaplanet’s reputation and draws international investors. This move aligns with the company’s strategic goals in the cryptocurrency market.
Strengthening Crypto Leadership via Bitcoin Strategy
Metaplanet’s inclusion in the BLOCK Index complements the company’s ongoing Bitcoin strategy. Metaplanet just announced that it owns over 1,100 BTC, valued at around $69 million. This aggressive acquisition strategy mirrors the approach of companies like MicroStrategy. Known for its substantial Bitcoin treasury, MicroStrategy has set a notable example in strategic asset accumulation.
CoinShares, Europe’s largest digital asset investment firm, maintains the BLOCK Index, which analyzes the performance of 45 of the world’s leading blockchain and cryptocurrency companies. The index includes companies such as MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase. The rigorous selection procedure evaluates organizations based on earnings significance, business sustainability, and competitive positioning.
Metaplanet’s stocks dropped nearly 1% to 1,583 JPY ($10.42). However, its strategic shift toward Bitcoin-centric growth has bolstered its market position. This move imitates that of MicroStrategy, which has the world’s largest corporate Bitcoin reserve.
In September, Metaplanet paid approximately $10 million for 156 BTC, bolstering its position in the digital asset market. The company has also implemented a BTC Yield statistic, similar to MicroStrategy’s, to highlight the importance of Bitcoin in increasing shareholder returns.
Metaplanet has also worked with Hoseki, a leading provider of Bitcoin verification solutions, to enhance transparency in its Bitcoin holdings. This agreement enables stakeholders to authenticate the company’s cryptocurrency holdings, hence increasing market trust and legitimacy.
The company’s decision to include Bitcoin in its treasury holdings, made in April, is motivated by concerns about the Japanese yen’s vulnerability in a low-interest rate environment. According to Metaplanet, Bitcoin is a hedge against inflation and an important instrument for resilience in the face of global economic uncertainty.
