Metaplanet Joins CoinShares Blockchain Global Equity Index

Metaplanet Inc., a publicly-listed early-stage investment firm from Japan, has made its debut in the CoinShares Blockchain Global Equity Index (BLOCK Index), a globally recognized benchmark for top public companies involved in blockchain and crypto. The company’s CEO, Simon Gerovich, announced on Monday that inclusion in this high-profile index marks a significant milestone for Metaplanet as it aims to solidify its position in the Asian crypto industry and broaden its appeal among international investors.

Aligned with its mission “to lead in the digital finance era,” Metaplanet’s inclusion in the BLOCK Index is expected to enhance its standing in the blockchain space while providing investors with diversified exposure to blockchain development and digital finance innovation.

Strengthening Shareholder Value Through Bitcoin Accumulation

With its inclusion in the CoinShares BLOCK Index, Metaplanet aims to “enhance shareholder value through disciplined Bitcoin accumulation,” as indicated in a Monday filing. The company’s commitment to holding Bitcoin in its treasury closely resembles the strategy of U.S.-based MicroStrategy, which has become renowned for its substantial Bitcoin holdings. Following a series of acquisitions this year, Metaplanet’s Bitcoin reserve stands at 1,108 BTC, valued at approximately $69 million.

In October alone, Metaplanet acquired over 600 BTC, including a notable recent purchase of 156 BTC for around $10 million. To further emphasize the financial benefits of its Bitcoin-focused approach, Metaplanet has adopted the “BTC Yield” metric, a measure that tracks the impact of its Bitcoin holdings on shareholder value.

About the CoinShares Blockchain Global Equity Index

Managed by CoinShares, Europe’s largest digital asset investment firm, the BLOCK Index is a specialized benchmark designed to track the performance of publicly traded companies involved in blockchain and cryptocurrency. The index comprises 45 global leaders, including prominent names like MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase. Using a rigorous blockchain scoring methodology, the index assesses companies based on several factors, including earnings significance, business sustainability, and competitive positioning within the blockchain sector.

Metaplanet’s entry into the BLOCK Index underscores its commitment to digital assets and the blockchain industry. By joining the ranks of global leaders in blockchain and crypto, the Tokyo-based firm positions itself as a major player in Asia’s expanding crypto market, potentially attracting more investors seeking exposure to this high-growth sector.

Market Reaction and Future Prospects

While the announcement of Metaplanet’s inclusion in the CoinShares index didn’t significantly impact its stock price—trading at 1,583 JPY (approximately $10.42) and down 1% on Monday—the strategic move could enhance its long-term appeal. As Metaplanet continues to expand its Bitcoin reserves and integrate innovative metrics like BTC Yield, its role within the blockchain ecosystem is likely to strengthen further.

For now, the company’s entry into the CoinShares Blockchain Global Equity Index symbolizes a step forward in Metaplanet’s journey to become a leading digital asset firm in Asia, reflecting both its growth potential and commitment to the blockchain industry.