Metaplanet Inc., a Tokyo-based investment firm, now holds the largest weighting in CoinShare’s Blockchain Global Equity Index (BLOCK Index). CEO Simon Gerovich announced on X that the company holds 6.27% of shares.
This development underscores Metaplanet’s growing interest in the blockchain sector and its focus on Bitcoin as a core treasury asset. This achievement followed Metaplanet’s progressive accumulation of Bitcoin, which now exceeds 2,000 BTC.
Metaplanet and Strategic Pivot to Bitcoin
Metaplanet’s rise in the BLOCK Index reflects its deliberate shift toward Bitcoin adoption, a strategy first implemented in 2024. Just like Michael Saylor’s MicroStrategy, the company converts a portion of its treasury reserves into Bitcoin.
This move will help hedge against macroeconomic volatility, particularly the depreciation of the Japanese Yen.
By November 2024, Metaplanet had acquired over 1,018 BTC, a figure that has since grown to approximately 2,031 BTC. Simon Gerovich emphasized the firm’s commitment to “disciplined Bitcoin accumulation,” positioning it as Asia’s leading corporate holder of the cryptocurrency.
The BLOCK Index, managed by CoinShares, tracks 45 publicly traded companies with major exposure to blockchain technology. Inclusion criteria highlight five factors, including earnings significance, developmental stage, competitive positioning, sustainability, and liquidity.
Metaplanet’s 6.27% weighting places it ahead of industry giants like Coinbase and MicroStrategy, reflecting its concentrated Bitcoin holdings and transparent treasury strategy.
Institutional Validation and Bitcoin’s Corporate Adoption
Metaplanet’s inclusion in the BLOCK Index marks its debut in a global equity benchmark. Gerovich attributes this milestone to its “Bitcoin-first” corporate strategy.
In his X post, he noted the alignment between Bitcoin adoption and enhanced corporate resilience, stating,
“This milestone reflects the growing recognition of Bitcoin’s role in corporate strategy and how it can enhance transparency and shareholder value.”
The company’s stock has surged approximately 840% year-to-date, surpassing broader equity indices and showing investor confidence in its Bitcoin-centric model.
As traditional firms like Metaplanet embrace Bitcoin, experimental projects like iDEGEN highlight crypto’s evolving intersection with artificial intelligence.
iDEGEN’s Role in Decentralized Governance
Launched in late 2024, iDEGEN is a decentralized AI entity that generates memes and social commentary based on real-time community interactions on X.
Unlike conventional algorithms, it uses user inputs to shape its output, ranging from financial analysis to absurdist humor. The project’s token, $IDGN, functions as a utility for governance and content curation.
To learn more and buy iDEGEN, visit their official website.
READ MORE: What Saylor’s New $2B BTC Plan Means for Bitcoin Pepe (BPEP)
