Key Points
- Metaplanet has been incorporated into the Amplify Transformational Data Sharing ETF (BLOK).
- The Japanese firm is recognized for its Bitcoin acquisition strategy, holding more than 1,142 BTC.
Metaplanet has recently been included in the Amplify Transformational Data Sharing ETF, also known as BLOK. This global index invests in leading blockchain companies such as SBI Holding, MicroStrategy, and Nvidia.
On November 28, the Japanese investment firm announced its inclusion into BLOK. It now joins a group of 53 companies that contribute to the development and use of blockchain technology. The ETF includes industry leaders such as MicroStrategy, Robinhood, Nvidia, and SBI Holdings.
Metaplanet’s Position in BLOK
According to the press release, Metaplanet’s estimated starting weight on the BLOK will be around 2.9%. As of November 29, the companies at the top of the Amplify Transformational Data Sharing ETF Blockchain leaderboard include Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy, and Robinhood.
BLOK is managed by Amplify ETFs and uses an active strategy to identify and invest in companies that use blockchain technology in their daily operations. This serves as a guide for investors seeking opportunities to invest in the blockchain sector.
Currently, BLOK holds more than $930 million in net assets, making it a widely followed ETF in the blockchain investment landscape.
Metaplanet’s Bitcoin Acquisition Strategy
Simon Gerovich, CEO of Metaplanet, shared the news on his X account. He stated that Metaplanet’s inclusion in the Amplify Transformational Data Sharing ETF further emphasizes the growing recognition of Metaplanet’s Bitcoin acquisition strategy and the company’s status as “Japan’s leading Bitcoin Treasury Company.”
Metaplanet, often referred to as “Asia’s MicroStrategy” by market proponents, has amassed a Bitcoin trove of 1,142 BTC, worth $109.21 million at current market prices.
Currently, Metaplanet ranks in 14th place, with the ticker 3350 JP, holding a market value of $23.04 million.
Earlier this month, Metaplanet was included in CoinShares’ Blockchain Global Equity Index, also known as the BLOCK Index. This index monitors the performance of 45 companies involved in crypto and blockchain technology.
Despite the reluctance of Japanese regulators to adopt spot crypto ETFs, Metaplanet’s inclusion in these indices highlights the growing recognition of the company’s Bitcoin acquisition strategy. This is in contrast to countries like the U.S. and Hong Kong, which have already approved ETFs, according to Sumitomo Mitsui Trust Asset Management.