- Metaplanet announces its addition to the CoinShares Blockchain Global Equity Index.
- The inclusion highlights Metaplanet’s unwavering commitment to Bitcoin accumulation.
- While the index uses a robust selection process, Metaplanet was added with a weight of 2.5%.
Japan-based investment firm Metaplanet has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This benchmark tracks 45 leading blockchain and cryptocurrency-focused companies, including MicroStrategy, Coinbase, and SBI Holdings. The inclusion marks a major accomplishment for Metaplanet, highlighting its commitment to Bitcoin accumulation and strengthening its position in the Japanese crypto market.
On November 5, 2024, Metaplanet CEO Simon Gerovich announced the news on X, stating, “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.”
In an official filing on Monday, Metaplanet expressed excitement about its inclusion in the BLOCK Index. The index comprises 45 prominent blockchain companies, offering investors broad and diversified exposure to blockchain innovation and adoption. The index uses a rigorous selection process that considers factors such as earnings significance, earnings potential, development stage, competitive positioning, and business sustainability. While the index already includes many industry leaders, Metaplanet enters with an initial weight of 2.5%.
Metaplanet’s Bitcoin-Focused Strategy
In April 2024, Metaplanet announced a major shift in its financial strategy, making Bitcoin its primary treasury asset. This move aligns with Metaplanet’s goal of leading the digital finance era and expanding its global presence in the crypto world.
Read also: Metaplanet Raises $66 Million to Explore Bitcoin’s Potential
Metaplanet’s aggressive Bitcoin purchases have earned it the nickname “Asia’s MicroStrategy.” The firm recently completed its 11th Stock Acquisition Rights exercise period, achieving a 72.8% exercise rate. Gerovich stated that unexercised rights will be transferred to EVO FUND, increasing the firm’s total funding to 10 billion yen.
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