Metaplanet Gains First Index Listing With Inclusion on CoinShares' BLOCK Index

Japanese investment adviser Metaplanet Inc. (3350), which holds over 1,000 bitcoin, has been added to a global equity index for the first time, winning inclusion in CoinShares' Blockchain Global Equity Index (BLOCK), the Tokyo-based company said Tuesday. CEO Simon Gerovich adopted a strategy of holding bitcoin in May as a hedge against the volatility of the yen. The company now has 1,018 BTC, worth just over $70 million. The company's stock is the best-performing Japanese equity this year, having gained nearly 840%, according to Investing.com. The BLOCK Index features 45 companies involved in the cryptocurrency and blockchain sectors.

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