Overview

• FTSE Russell’s September review confirmed Metaplanet’s addition to the FTSE Japan Index effective after market close on September 19, upgrading the stock from small-cap to mid-cap.
• Metaplanet disclosed a purchase of 103 BTC on August 25 for about $11.7 million at an average price of roughly $113,491, bringing its publicly reported total to 18,991 BTC acquired for approximately $1.95 billion.
• The company said 49,000 stock acquisition rights were exercised between August 18–22, adding 4.9 million shares and helping fund continued Bitcoin accumulation despite shareholder dilution.
• Analysts say inclusion in FTSE Japan and the FTSE All-World could channel passive index flows and create indirect Bitcoin exposure for investors, while limited index weight and potential volatility temper the impact.
• The firm remains Asia’s largest corporate Bitcoin holder with a stated goal of 30,000 BTC by end-2025 on a path to 210,000 by 2027, and it has filed plans to raise about $3.8 billion over the next two years to finance further purchases.