Metaplanet Joins CoinShares Blockchain Global Equity Index in First Global Listing
2024-11-05

Japanese investment firm Metaplanet Inc. has joined the CoinShares Blockchain Global Equity Index (BLOCK Index).
The index, managed by CoinShares—Europe’s largest digital asset investment firm—tracks prominent publicly traded companies that drive blockchain and cryptocurrency innovation.
Metaplanet’s addition to the index reflects its growing influence within the blockchain sector, particularly across Asia.Metaplanet’s First Global Listing
“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 CEO Simon Gerovich .
The firm views its entry as an opportunity to strengthen its reputation within Asia’s expanding crypto market and attract international investors.
According to a recent filing, Metaplanet is committed to enhancing shareholder value through strategic Bitcoin accumulation, positioning itself as a leader among Japan’s digital asset firms.
The BLOCK Index includes a curated list of 45 major players in the blockchain space, including industry heavyweights such as MicroStrategy, Galaxy Digital Holdings, Meta, and Coinbase.
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.Companies included in the index: — Simon Gerovich (@gerovich) 
Selection criteria for the index are stringent, relying on a “blockchain scoring methodology” that assesses factors like earnings potential, competitive positioning, and sustainability in blockchain innovation.
Following the announcement, Metaplanet’s stock remained relatively stable, closing at 1,583 JPY (approximately $10.42), reflecting only a slight decline.
The index listing coincides with Metaplanet’s aggressive Bitcoin acquisition strategy; this year alone, the firm accumulated over 1,100 BTC, valued at roughly $69 million.
In September, it acquired 156 BTC for $10 million, emulating the approach of U.S.-based MicroStrategy, renowned for its Bitcoin-focused treasury.
Metaplanet recently introduced a “BTC Yield” metric, echoing MicroStrategy’s metric for measuring Bitcoin’s impact on shareholder value.
With this metric, the Tokyo-based company aims to further underscore its dedication to a Bitcoin-centric investment strategy as it navigates the global blockchain and digital finance landscape.Metaplanet Teams Up with Hoseki to Verify Bitcoin Holdings
As reported, Metaplanet has partnered with Hoseki, a global leader in Bitcoin verification solutions, to allow users to verify the company’s Bitcoin holdings.
The firm said that the move is intended to enhance transparency and trust in its Bitcoin holdings through the use of Hoseki Verified.
“As Bitcoin adoption proliferates globally, the importance of transparency cannot be overstated,” the company said.
In April, Metaplanet revealed its decision to incorporate Bitcoin into its treasury assets due to several factors.
Firstly, it aims to minimize its exposure to the Japanese yen, which has been significantly impacted by Japan’s low-interest-rate environment.
In a shareholder update, Metaplanet expressed concern about the yen’s vulnerability and highlighted Bitcoin’s potential as a hedge against inflation, a tool for macroeconomic resilience, and a source of long-term capital appreciation.
The ongoing macroeconomic uncertainties, characterized by increasing inflationary pressures and geopolitical tensions, have prompted corporate treasurers to explore the inclusion of Bitcoin as a reserve asset.
Just recently, digital asset prime services platform Abra launched a service designed for corporates seeking to hold cryptocurrencies as reserve assets on their balance sheets.