30s Summary

Japanese investment firm, Metaplanet Inc., has been included in a global equity index by CoinShares, marking its first addition to such an index. Metaplanet started buying Bitcoin in May to hedge against yen volatility, and now possesses 1,018 Bitcoins, worth $70 million. The company’s stock has increased almost 840% this year, making it one of the top performers in Japan. Being part of an index could attract more investors to their stock, joining other crypto and blockchain companies in the BLOCK Index.

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Hey guys, got some cool news for you! Japanese investment adviser, Metaplanet Inc., is now part of a global equity index, thanks to CoinShares. This is quite a milestone as it’s the company’s first time getting added to such an index.

So, why’s this special? Metaplanet started buying Bitcoin back in May hoping to shield itself from the unpredictable nature of the yen. Today, they’re sitting on a whopping 1,018 Bitcoins, $70 million worth!

And guess what? Their strategy seems to be working just fine. Their stock has surged almost 840% this year, making it one of Japan’s best performers.

But what does joining an index mean? Well, it means more people may start buying their stock because it’s on a list that investors use as a shopping guide. In this case, that list is the BLOCK Index, which features 45 companies playing in the crypto and blockchain arenas. Big names on the list include Coinbase, Marathon Digital, Riot Platforms, and MicroStrategy.

Stay tuned for more updates!