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. It closed Tuesday at 1,695 yen ($11.14), rising 6% while the benchmark Nikkei 225 Index gained 1.4%.
Inclusion on an index can mean extra demand for a stock as investors who track that particular index look to add it to their portfolios.
The BLOCK Index features 45 companies involved in the cryptocurrency and blockchain sectors. It includes crypto exchange Coinbase (COIN) and bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT). It also includes software development company MicroStrategy (MSTR), which holds the largest stash of BTC among publicly traded companies with 252,220 bitcoin.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
