2024

Equity

Bitcoin

<ul class="wp-block-list">
 <li><strong>Metaplanet Inc. is now part of the CoinShares Blockchain Global Equity Index.</strong></li>
 <li><strong>CEO Simon Gerovich highlights the firm’s commitment to strengthening its international profile.</strong></li>
</ul>
<p>Metaplanet Inc., a publicly listed investment firm from Japan, has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This marks Metaplanet’s first listing in a globally<a href="https://www.tipranks.com/stocks/jp:3350" rel="noopener noreferrer nofollow"> recognized</a> equity index. The BLOCK Index, managed by CoinShares, tracks significant publicly traded companies driving blockchain and cryptocurrency innovation. With its inclusion, Metaplanet strengthens its influence within the blockchain sector, particularly in Asia.</p>
<p>Simon Gerovich, <a href="https://x.com/gerovich/status/1853619875039543312" rel="noopener noreferrer nofollow">CEO </a>of Metaplanet, expressed excitement about this achievement. “We are thrilled to announce our inclusion in the CoinShares Blockchain Global Equity Index,” he stated on X. This <a href="https://contents.xj-storage.jp/xcontents/33500/b334ede7/58dd/463f/b648/c0585eec8956/140120241105510504.pdf" rel="noopener noreferrer nofollow">listing</a> enhances the company’s reputation and attracts international investors to its growing crypto market presence.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">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.<br><br>Companies included in the index:<a href="https://t.co/YzJ6vEehbS" rel="noopener noreferrer nofollow">https://t.co/YzJ6vEehbS</a> <a href="https://t.co/xcQfQixTUL" rel="noopener noreferrer nofollow">https://t.co/xcQfQixTUL</a></p>— Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1853619875039543312?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 5, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<p>Furthermore, Metaplanet emphasizes its commitment to shareholder value through disciplined Bitcoin accumulation. This strategy positions the firm as a leader among Japan’s digital asset firms.</p>
<h3 class="wp-block-heading" id="h-metaplanet-s-bitcoin-strategy">Metaplanet’s Bitcoin Strategy</h3>
<p>Recently, Metaplanet disclosed its Bitcoin holdings, stating that it accumulated over 1,100 BTC, valued at approximately $69 million. The company’s aggressive acquisition strategy mirrors that of MicroStrategy, known for its substantial Bitcoin treasury.</p>
<p>In September, Metaplanet purchased 156 BTC for about $10 million. This significant move further solidifies its position in the crypto landscape. Additionally, the company has introduced a “BTC Yield” metric, similar to MicroStrategy’s, to highlight Bitcoin’s impact on shareholder value.&nbsp;</p>
<p>Moreover, Metaplanet has partnered with Hoseki, a leader in Bitcoin verification <a href="https://thenewscrypto.com/vitaliks-solutions-for-ethereums-staking-and-block-issues/" rel="noopener noreferrer nofollow">solutions</a>. This collaboration enables users to verify the company’s Bitcoin holdings, promoting transparency and trust. “As Bitcoin adoption proliferates globally, transparency is crucial,” the company stated.</p>
<p>In April, Metaplanet decided to incorporate Bitcoin into its treasury assets. This decision arises from concerns about the <a href="https://thenewscrypto.com/japan-based-metaplanet-eyes-further-increasing-bitcoin-holdings/" rel="noopener noreferrer nofollow">Japanese</a> yen’s vulnerability due to a low-interest-rate environment. The company views Bitcoin as a hedge against inflation and a tool for macroeconomic resilience.<br><br><strong>Highlighted Crypto News Today<br></strong><a href="https://thenewscrypto.com/is-sui-rooting-for-new-ath-as-bull-run-resumes-post-price-dip/" rel="noopener noreferrer nofollow">Is SUI Rooting for New ATH As Bull Run Resumes Post Price Dip?</a></p>

Metaplanet Enters CoinShares Global Equity Index Marking First

Table of Contents

TheNewsCrypto

Other articles published on Nov 5, 2024

Monday Recap: Coinbase Fee Controversies, Hamster Kombat’s Decline, and a $200K Bitcoin Prediction

Major Shiba Inu Challenge Spotted By Team Member: Is SHIB At Risk?

Will Shiba Inu (SHIB) Break 6 Trillion Record?

Ethereum ETF: Michigan Pension Fund Blows The Chart With New Buyup

XRP Price To Exceed $6, Analyst Claims: When and How?

New Solana Memecoin Donald Beats Kamala (DONALKAM) Will Skyrocket 16,000% Before Exchange Listings

Join our free newsletter for daily crypto updates!