CoinShares adds Metaplanet to its Blockchain Global Equity Index

Japanese investment firm Metaplanet has been added to CoinShares’ global equity index for the first time. The index lists 45 companies involved in cryptocurrency and blockchain.

In a Nov. 5 press release, Japanese investment firm Metaplanet announced that it has been added to CoinShares Blockchain Global Equity Index, also known as the BLOCK Index. This marks the Tokyo-based company’ s first inclusion in a globally recognized equity index.

“This milestone underscores Metaplanet’s commitment to enhancing shareholder value through disciplined Bitcoin (BTC) accumulation and affirms its position as Japan’s premier Bitcoin Treasury Company,” wrote Metaplanet’s Representative Director, Simon Gerovich.

The BLOCK Index is an international equity index managed by CoinShares. The index tracks the performance of publicly traded companies engaged in blockchain and cryptocurrency. It features 45 companies from around the globe, including crypto exchange Coinbase, Bitcoin miner Riot Platforms as well as software development company MicroStrategy.

Metaplanet’s Bitcoin holdings have now surpassed 1,000 BTC. The firm’s latest BTC purchase of 156.7 BTC for around $10.4 million brought its total holdings to 1,018 BTC or worth more than $70 million.

According to Metaplanet’s release, the BLOCK index uses a selection process based on five scoring parameters which include earnings significance, earnings potential, development stage,
business competitive positioning, and business sustainability.

Based on data from Bloomberg, Metaplanet’s estimated starting weight in the BLOCK Index
is around 2.5%.

On Oct. 28, the firm noted that its Bitcoin yield stood at 155.8% from Oct. 1 to Oct. 28. Following the latest news, Metaplanet’s shares jumped 6.20% to 1,695 yen. According to Investing.com, Metaplanet is the best-performing Japanese equity this year, gaining nearly 840%.

Dubbed as “Asia’s MicroStrategy,” Metaplanet continues to grow its Bitcoin holdings following in the footsteps of MicroStrategy, which holds the largest BTC holdings among publicly traded companies. Metaplanet decided to invest in Bitcoin back in May 2024, as a strategy to combat the economic challenges plaguing Japan at the time.