Japanese investment powerhouse Metaplanet Inc. has now joined the prestigious CoinShares Blockchain Global Equity Index (BLOCK Index), marking its debut in a globally recognized equity index. Managed by CoinShares, the largest digital asset investment firm in Europe, the BLOCK Index tracks influential publicly traded companies leading the charge in blockchain and cryptocurrency innovation. Metaplanet’s addition to this index underscores its expanding role in the blockchain sector, particularly across Asia.
Metaplanet’s First Global Recognition
Metaplanet CEO Simon Gerovich shared his excitement on X, announcing, “Thrilled to announce Metaplanet’s inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index), marking its first appearance in a globally recognized equity index.” By entering this index, the firm aims to solidify its standing in Asia’s dynamic crypto market and attract a broader base of international investors.
Metaplanet’s blockchain-driven portfolio strategy aligns well with the BLOCK Index, which features 45 major blockchain players, including giants like MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase. Companies are selected for the index through a stringent “blockchain scoring methodology” evaluating key factors such as earnings potential, competitive edge, and sustainability in blockchain innovation.
Following this major milestone, Metaplanet’s stock held steady at 1,583 JPY ($10.42), with minimal fluctuations, highlighting market stability post-announcement.
Aggressive Bitcoin Strategy Reflects in Recent Moves
Metaplanet’s recent listing also coincides with its intensified Bitcoin acquisition strategy. This year, the firm accumulated over 1,100 BTC, valued at approximately $69 million, following acquisitions like the September purchase of 156 BTC for $10 million. This approach mirrors the well-known Bitcoin-centric strategy of U.S.-based MicroStrategy, a leading firm in BTC treasury management. Additionally, Metaplanet has introduced its “BTC Yield” metric to measure Bitcoin’s impact on shareholder value, reinforcing its dedication to a Bitcoin-focused portfolio.
Transparent Bitcoin Holdings with Hoseki Partnership
In a significant move toward transparency, Metaplanet partnered with Hoseki, a global leader in Bitcoin verification, allowing users to verify its Bitcoin holdings through Hoseki Verified. The firm emphasized, “As Bitcoin adoption proliferates globally, the importance of transparency cannot be overstated.” This aligns with Metaplanet’s strategy of incorporating Bitcoin into its treasury assets to hedge against inflation and minimize exposure to Japan’s depreciating yen.
With inflationary pressures and geopolitical tensions creating market instability, corporate interest in Bitcoin as a reserve asset is rising. Companies like Abra have recently launched services to support firms incorporating cryptocurrencies as balance sheet assets, signaling the growing trend of Bitcoin as a long-term reserve tool.
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