Metaplanet Joins Global Equity Index

Metaplanet Inc., a Japanese investment firm, has been admitted to the CoinShares Blockchain Global Equity Index (BLOCK Index).

Prominent publicly traded companies that fuel blockchain and cryptocurrency innovation are tracked by the index, which is managed by CoinShares, Europe’s largest digital asset investment firm.

Metaplanet’s inclusion in the index indicates its expanding influence in the blockchain sector, particularly in Asia.

Metaplanet’s inaugural global listing

Simon Gerovich, CEO of Metaplanet, expressed his enthusiasm for the company’s inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index) in a post on X. This marks the company’s inaugural appearance in a globally recognized equity index.

The company perceives its entry as an opportunity to enhance its reputation within Asia’s rapidly expanding crypto market and to entice international investors.

Metaplanet is dedicated to the strategic accumulation of Bitcoin to increase shareholder value, thereby establishing itself as a leader among Japan’s digital asset firms, as indicated by a recent filing.

A curated list of 45 key players in the blockchain space, including industry heavyweights such as MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase, is included in the BLOCK Index.

The index’s selection criteria are rigorous, utilizing a “blockchain scoring methodology” that evaluates blockchain innovation’s sustainability, competitive positioning, and earnings potential.

Metaplanet’s stock remained relatively stable following the announcement, closing at 1,583 JPY (approximately $10.42), indicating only a minor decline.

The index listing is consistent with Metaplanet’s aggressive Bitcoin acquisition strategy; the company has amassed more than 1,100 BTC, estimated to be worth $69 million, this year.

In September, it acquired 156 BTC for $10 million, following the strategy of U.S.-based MicroStrategy, renowned for its Bitcoin-focused treasury.

Metaplanet has recently implemented a “BTC Yield” metric that is similar to MicroStrategy’s metric for evaluating the influence of Bitcoin on shareholder value.

The Tokyo-based company endeavors to further emphasize its commitment to a Bitcoin-centric investment strategy as it navigates the global blockchain and digital finance landscape by employing this metric.

Metaplanet Teams Up with Hoseki to Verify Bitcoin Holdings

Metaplanet has collaborated with Hoseki, a global leader in Bitcoin verification solutions, as previously mentioned, to enable users to authenticate the company’s Bitcoin holdings.

The organization stated that implementing Hoseki Verified is intended to improve the transparency and trustworthiness of its Bitcoin holdings.

The company stated that transparency is crucial as Bitcoin adoption continues to expand globally.

Metaplanet disclosed its decision to integrate Bitcoin into its treasury assets in April due to numerous factors.

Initially, it intends to reduce its exposure to the Japanese yen, which has been considerably affected by Japan’s low-interest-rate environment.

In a shareholder update, Metaplanet highlighted Bitcoin’s potential as a hedge against inflation, an instrument for macroeconomic resilience, and a source of long-term capital appreciation while expressing concern about the yen’s vulnerability.

Corporate treasurers have been motivated to investigate the potential of Bitcoin as a reserve asset in response to the persistent macroeconomic uncertainties, which are characterized by escalating inflationary pressures and geopolitical tensions.

Abra, a digital asset primary services platform, has recently introduced a service specifically designed for corporate entities wishing to maintain cryptocurrencies as reserve assets on their balance sheets.