Overview

• The latest purchase brings Metaplanet’s holdings to 18,991 BTC, with about $1.95 billion invested at an average cost of roughly $102,712 per coin.
• FTSE Russell says the company will enter the FTSE Japan Index after market close on September 19 following its promotion to mid-cap status.
• The buy was partly financed by exercising 49,000 stock acquisition rights, adding 4.9 million shares to outstanding stock and diluting existing holders.
• Metaplanet now ranks as Asia’s largest corporate Bitcoin holder and seventh globally, sitting less than roughly 300 BTC behind Riot Platforms’ reported 19,287 BTC.
• Shares climbed intraday by about 8% after the index decision, as analysts noted that inclusion channels passive flows into a Bitcoin-centric balance sheet with added volatility risk.