Metaplanet Inc., a publicly-listed Japanese investment firm, has joined the CoinShares Blockchain Global Equity Index, marking its first listing in a major blockchain index.
Metaplanet Debuts on Blockchain Equity Index
Metaplanet Inc., a publicly-listed early-stage investment firm in Japan, has announced its inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index), a globally recognized benchmark that monitors the most prominent public companies in the blockchain and crypto sectors.
Metaplanet’s CEO, Simon Gerovich, announced Monday that the company has made its début in a high-profile blockchain equity index with its inclusion in the CoinShares BLOCK Index.
Metaplanet is endeavoring to enhance its international profile and position in the Asian crypto industry to attract additional investors interested in the region’s expanding market, per its stated mission to “lead in the digital finance era.”
Metaplanet asserts that its inclusion in the index will “increase shareholder value through disciplined Bitcoin accumulation,” thereby solidifying its status as Japan’s foremost digital asset company, according to a filing released on Monday.
The BLOCK Index is a benchmark intended to monitor the performance of publicly traded companies actively engaged in the blockchain and crypto sectors.
Managed by CoinShares, the largest digital asset investment firm in Europe, the index provides investors with a diverse portfolio of businesses at the forefront of the development and implementation of blockchain technologies.
The index, which uses a rigorous blockchain scoring methodology based on “earnings significance, earnings potential, development stage, business competitive positioning, and business sustainability,” comprises 45 global leaders, including MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase, among others.
Google Finance reports that Metaplanet’s stock was trading at 1,583 JPY (US$10.42) on Monday, a decrease of nearly 1%, following the announcement.
The Tokyo-based company’s entry into the CoinShares index follows its numerous Bitcoin (BTC) acquisitions this year, which have increased its holdings to 1,108 BTC, estimated to be worth approximately $69 million.
Just last month, Metaplanet acquired more than 600 BTC, with a recent acquisition of 156 BTC for approximately $10 million. The approach of U.S.-based MicroStrategy, which is renowned for maintaining the world’s largest corporate Bitcoin reserve, is mirrored by its dedication to a Bitcoin-centric treasury.
Metaplanet, like MicroStrategy, has recently implemented a “BTC Yield” metric to evaluate the influence of its Bitcoin holdings on shareholder value.
