Metaplanet Joins CoinShares Blockchain Equity Index Amid 840% Stock Surge, Holding 1,018 BTC

Nov 5, 2024, 10:35 AM

Metaplanet Inc., a publicly-listed early-stage investment firm in Japan, has been included in the CoinShares Blockchain Global Equity Index, a globally recognized benchmark tracking the top public companies in blockchain and crypto. This marks the first global listing for Metaplanet, which holds over 1,000 BTC on its balance sheet. The Tokyo-based firm's stock has surged up 840% year-to-date, making it Japan’s top stock this year. Metaplanet's holding of 1,018 BTC, valued at $70 million, is part of its strategy to hedge against yen volatility.