Japanese investment adviser Metaplanet Inc. has made its initial foray into global equity indices with its addition to CoinShares' Blockchain Global Equity Index, marking a significant achievement in its financial strategy.
CEO Simon Gerovich embraced a bitcoin accumulation strategy in May to counter the yen's volatility. Now, holding 1,018 BTC valued at over $70 million, Metaplanet's stock has skyrocketed nearly 840% this year.
Inclusion in the BLOCK Index, which comprises 45 companies in the cryptocurrency and blockchain sectors, increases Metaplanet’s stock attractiveness, as investors often seek to capitalize on index listings due to expected demand.
The BLOCK Index includes notable players like Coinbase, Marathon Digital, and MicroStrategy, which holds the largest amount of bitcoin among publicly traded firms, signaling expanding recognition of cryptocurrency investments.
#metaplanet-inc #blockchain-global-equity-index #cryptocurrency-investment #bitcoin-strategy #japanese-markets
Collection
[
|
...
]