Bitcoin HODLer Metaplanet to Join MSCI Japan Index, Raises $26M to Buy More BTC

4 weeks ago

Metaplanet (3350), a Japanese bitcoin (BTC) acquirer, volition beryllium added to the Morgan Stanley Capital International (MSCI) Japan scale astatine the extremity of Feb. 28, according to the firm's CEO Simon Gerovich.

The MSCI scale tracks mid-to-large-cap Japanese stocks, which service arsenic a cardinal benchmark for organization investors worldwide. As a effect of inclusion, Metaplanet volition payment from accrued vulnerability to planetary concern funds and exchange-traded funds (ETFs) that way MSCI indices.

Gerovich connected X highlighted the affirmative quality that comes from inclusion, which includes accrued visibility, passive inflows and validation of growth. "This milestone further solidifies Metaplanet’s presumption arsenic Asia’s starring Bitcoin Treasury Company and expands our scope successful planetary markets", Gerovich says.

In addition, Metaplanet confirmed they had completed a rise for $26 cardinal (4 cardinal yen) for 0% of unsecured, unguaranteed mean bonds to acquisition further bitcoin.

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