Metaplanet Upgraded to Mid-Cap Status in FTSE Indices
- Metaplanet has been upgraded from a small-cap to a mid-cap stock in FTSE Russell’s September review.
- The company was added to the FTSE Japan Index, which includes mid-cap and large-cap companies listed on Japanese exchanges.
- Year-to-date gains for Metaplanet reached approximately 187% as of August, compared to the TOPIX Core 30’s gain of just 7.2%.
- Metaplanet currently holds about 18,888 BTC, making it the seventh-largest publicly traded holder of Bitcoin.
- The company aims to accumulate a total of 210,000 BTC by the year-end of its target set for expansion into additional income-generating businesses.
The inclusion of Metaplanet in major indices will likely redirect capital flows into Bitcoin from traditional markets, providing passive investors with indirect exposure to cryptocurrency.
With a significant YTD gain of about 187%, Metaplanet is positioning itself as a leader in the market while holding more BTC than major firms like Coinbase and Tesla. (Source)
