Metaplanet Joins CoinShares BLOCK Index, Gains Key Spot Among Global Blockchain Leaders

• Metaplanet enters the CoinShares BLOCK Index, marking a key milestone in its blockchain and Bitcoin strategy.
• CEO Simon Gerovich leads Metaplanet’s Bitcoin expansion, now one of Asia’s largest corporate BTC holders with 1,018 BTC.
• Recent capital activities, including bonds and loans, fuel Metaplanet’s rapid Bitcoin accumulation and blockchain ambitions.

Metaplanet Inc. has officially joined the CoinShares Blockchain Global Equity Index, also known as the BLOCK Index. This marks the company’s first inclusion in a globally recognized index and positions it prominently within the blockchain and cryptocurrency sectors. 

The BLOCK Index, managed by CoinShares, tracks 45 leading companies in blockchain development, offering diverse opportunities to investors. Metaplanet’s debut in the index highlights its commitment to Bitcoin acquisition, further solidifying its role as Japan’s primary Bitcoin Treasury Company.

Index’s Selection Criteria Elevates Blockchain Innovators

CoinShares applies a rigorous selection process to determine which companies join the BLOCK Index. Evaluated across five parameters, earnings significance, earnings potential, development stage, competitive positioning, and business sustainability, this process identifies firms driving blockchain innovation. 

The inclusion of global industry leaders like MicroStrategy, Coinbase, and SBI Holdings reflects the high standards set by the index. According to Bloomberg, Metaplanet is expected to hold a 2.5% starting weight in the BLOCK Index, signifying its substantial impact and commitment within the blockchain space.

Strengthened Bitcoin Reserves Bolster Metaplanet’s Position

Under CEO Simon Gerovich’s leadership, Metaplanet has strategically increased its Bitcoin holdings, amassing over 1,000 BTC. This includes a recent acquisition of 156.78 BTC, totaling approximately 1.6 billion yen at an average price of 10.2 million yen per Bitcoin. 

With cumulative holdings now reaching 1,018.17 BTC, Metaplanet ranks as one of Asia’s largest corporate Bitcoin holders. Gerovich confirmed the index inclusion on X, emphasizing the milestone as a notable achievement for the company.

Strategic Moves in Capital Markets Support Bitcoin Growth

In recent months, Metaplanet has executed key capital market activities to advance its Bitcoin acquisition strategy. In April, the company’s Board approved the issuance of 467,500 units of the 9th Series Stock Acquisition Rights, securing 1.34 billion yen. 

Further enhancing its reserves, Metaplanet issued 1 billion yen in bonds in June. By August, it secured an additional 1 billion yen loan from MMXX Ventures, facilitating Bitcoin purchases and maintaining timely repayments. These calculated steps emphasize Metaplanet’s dedication to solidifying its role within the blockchain and Bitcoin sectors.