[NEWS] Metaplanet Selected for International Stock Index "BLOCK Index"

Metaplanet, listed on the Tokyo Stock Exchange Standard Exchange, announced on the 5th that its shares have been included in the BLOCK Index (CoinShares Blockchain Global Equity Index). This marks Metaplanet's first participation in an international stock index.

The BLOCK Index is an index managed by CoinShares, a major digital asset management company, and quantifies the performance of listed companies related to cryptocurrencies and blockchain.

To date, 45 companies have been included in the index, including MicroStrategy, Coinbase, and Japan's Monex. According to the announcement, Metaplanet's estimated weighting is about 2.5%.

Metaplanet said that its inclusion in the BLOCK Index is a groundbreaking event, saying, "This confirms that our company's efforts to improve shareholder value through disciplined accumulation of Bitcoin are being recognized, and solidifies our position as Japan's leading Bitcoin treasury company."

Metaplanet has launched an investment strategy for Bitcoin (BTC) this year and has been steadily increasing its holdings.

On the 28th of last month, it announced that it had purchased an additional 1.6 billion yen in Bitcoin, bringing its total purchases to 9.622 billion yen and its holdings to 1,018.17 BTC. The average purchase price to date is 9,457,460 yen.

Reference: Announcement
Image: Shutterstock

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