Overview

• FTSE Russell confirmed Metaplanet’s upgrade from small-cap to mid-cap with inclusion in the FTSE Japan Index effective after market close on September 19, which also brings entry to the FTSE All-World Index.
• The company disclosed a purchase of 103 BTC for about $11.7 million at an average price of $113,491, lifting its holdings to 18,991 BTC and placing it among the largest public corporate treasuries globally.
• Metaplanet partially funded recent accumulation via 49,000 exercised stock acquisition rights that added 4.9 million shares, raising total outstanding shares to roughly 722 million and diluting existing holders.
• Analysts say index inclusion can steer passive flows that provide indirect Bitcoin exposure, though small index weightings may limit direct BTC demand and could expose passive investors to crypto price volatility.
• Corporate buying remains active as Strategy separately announced a 3,081 BTC acquisition on Aug. 25, underscoring institutional demand that tightens available supply even when purchases are executed OTC.