Metaplanet Joins CoinShares BLOCK Index, Strengthening Japan’s Crypto Market

Japan-based investment firm Metaplanet has joined the CoinShares Blockchain Global Equity Index (BLOCK Index), securing a strategic position among prominent blockchain companies.

The CoinShares BLOCK Index is designed to track publicly traded blockchains and cryptocurrency-focused companies, now including Metaplanet, enhancing the Japanese firm’s credibility in the global blockchain sector. The BLOCK Index follows a rigorous selection process, evaluating companies based on earnings significance, competitive positioning, business sustainability, development stage, and future potential.

The addition of Metaplanet signals a significant milestone in the firm’s pursuit of blockchain innovation and digital asset accumulation, especially Bitcoin, its primary treasury asset. Metaplanet CEO Simon Gerovich shared his excitement about this development on social media platform X, describing the inclusion as a “first appearance in a globally recognized equity index.”

Reinforcing a Bitcoin-Focused Strategy

In April 2024, Metaplanet announced a strategic pivot to make Bitcoin its primary treasury asset, aligning with its long-term vision to establish a strong foothold in digital finance. The company’s dedication to Bitcoin has drawn comparisons to MicroStrategy, known for its substantial Bitcoin reserves, and earned Metaplanet the moniker “Asia’s MicroStrategy.” This direction, Gerovich emphasized, is rooted in Metaplanet’s belief in Bitcoin’s future potential, especially amid Japan’s expanding interest in blockchain solutions.

Metaplanet continues to raise funds to support its expansion, recently completing its 11th stock acquisition rights exercise period with a 72.8% exercise rate. This successful exercise has led to additional funding from EVO FUND, bolstering Metaplanet’s resources for further Bitcoin investments and shareholder value enhancement.

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Strengthening Japan’s Blockchain Presence

Metaplanet’s entry into the CoinShares BLOCK Index underscores its ambition and enhances Japan’s role in the global blockchain industry. The inclusion of other prominent companies in the index brings additional credibility to Japanese firms actively contributing to blockchain technology’s growth. The CoinShares index, known for its selectivity and high standards, reinforces Metaplanet’s position as a leading blockchain company within Japan.