Tokyo-based investment company Metaplanet Inc. has recently made waves in the digital finance world by joining the CoinShares Blockchain Global Equity Index, known as the BLOCK Index.
This notable benchmark, managed by CoinShares, tracks some of the largest publicly traded companies in the blockchain and Bitcoin sector worldwide, providing investors with a unique window into the companies advancing blockchain technology and digital assets.
Metaplanet’s inclusion in this high-profile index highlights the company’s commitment to adopting Bitcoin as a central component of its financial strategy, a move that aligns it with other global leaders in the Bitcoin industry.
For Metaplanet, this is a significant step forward in its mission to lead in the digital finance era, enhance shareholder value, and expand its influence in the Japanese and broader Asian bitcoin market.
The CoinShares Blockchain Global Equity Index, commonly called the BLOCK Index, was created to track the performance of publicly traded companies actively involved in blockchain and Bitcoin.
Managed by CoinShares, Europe’s largest digital asset investment firm, the index includes 45 global leaders in the blockchain space, such as MicroStrategy, Coinbase, SBI Holdings, and Galaxy Digital.
Through the index, CoinShares aims to provide a diversified investment option, offering exposure to companies playing critical roles in the world of digital assets.
To ensure the quality and relevance of the companies listed, the BLOCK Index employs a rigorous selection process. This method evaluates firms based on five main factors: earnings significance, earnings potential, development stage, competitive positioning, and sustainability.
By following these criteria, CoinShares seeks to include only the most impactful and stable companies in the fast-paced Bitcoin sector.
Metaplanet has consistently demonstrated its dedication to Bitcoin since 2020. Earlier this year, the firm made a significant shift by choosing to make bitcoin its primary treasury asset.
This decision aligns with the strategy famously pioneered by MicroStrategy, which became the first major company to hold bitcoin on its balance sheet as a reserve asset.
Metaplanet has since accumulated over 1,100 BTC on its balance sheet, valued at approximately $69 million, earning it the nickname “Asia’s MicroStrategy.”
Related: Metaplanet’s Latest Bitcoin Purchase Pushed Its Holdings Past 1,000 BTC
In announcing the company’s inclusion in the BLOCK Index, Metaplanet CEO Simon Gerovich shared his enthusiasm on social media platform X, saying:
“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.”
Metaplanet’s strategy aims to enhance shareholder value through what it describes as “disciplined bitcoin accumulation,” a methodical approach to gradually increasing its bitcoin holdings over time.
Gerovich believes that joining the index not only validates Metaplanet’s strategy but also reinforces the company’s role as a leader in digital assets within Japan and the broader Asian market.
“As Bitcoin adoption proliferates globally, the importance of transparency cannot be overstated,” the company said.
As part of its ongoing commitment to Bitcoin, Metaplanet completed its 11th Stock Acquisition Rights exercise period with a 72.8% exercise rate, securing additional funds for further bitcoin purchases.
According to recent filings, unexercised rights are expected to be transferred to EVO FUND, raising the firm’s total funding to 10 billion yen.
In a recent interview with well-known bitcoin investor Anthony Pompliano, Metaplanet’s Bitcoin adoption strategist, Dylan LeClair, elaborated on the firm’s approach to Bitcoin as a treasury asset. “This is a masterclass on Bitcoin as a treasury asset,” Pompliano remarked after the interview.
LeClair highlighted how corporations like Metaplanet are beginning to see bitcoin as a core part of their financial strategy, adding that this approach could play a crucial role in future financial planning for other corporations.
Being added to the CoinShares BLOCK Index is a significant milestone for Metaplanet. The index includes some of the most influential companies in the blockchain and Bitcoin sector, and Metaplanet’s estimated starting weight of 2.5% places it firmly among leading players.
For a Japanese company focused on bitcoin accumulation, this inclusion enhances its profile as a major player in the digital asset space.
Metaplanet has stated that joining the BLOCK Index is not only about gaining recognition but also about helping to advance the broader adoption of Bitcoin and blockchain technology.
The company’s leadership team believes that this will ultimately attract more investors who are looking to gain exposure to bitcoin in Asia, where digital finance is rapidly evolving.
With this bold move, Metaplanet may inspire other corporations to consider bitcoin as a viable investment strategy.
The growing interest in bitcoin as a corporate treasury asset has already caught the attention of industry leaders. In a statement last month, Semler Scientific, another public firm, revealed it had also accumulated over 1,000 BTC, echoing Metaplanet’s strategy of using bitcoin to boost stakeholder value.
