In a twist of cosmic proportions, Metaplanet, the intrepid explorer of Bitcoin‘s vast universe, is set to dock at the prestigious MSCI Japan Index on the 28th day of February’s frosty embrace.
Mark the calendars, for on this fateful day, Metaplanet will rub shoulders with the titans of industry such as McDonaldโs Holdings Japan, Tokyo Electric Power Co., Kokusai Electric, and Mitsui Chemicalsโlike a mischievous imp in the court of giants.
Simon Gerovich, the almighty captain of the Metaplanet spacecraft, beamed this interstellar message across the X network, hailing it as a monumental milestone that cements their reign as Japan’s Bitcoin Treasury extraordinaire. ๐ฐ๏ธ๐ฐ
With this grand inclusion, Metaplanet will bask in the glow of institutional investors’ gaze, standing tall amongst Japan’s most illustrious publicly traded behemoths. Funds and ETFs will now jostle for a piece of this cosmic pie, promising a surge in demand, liquidity that flows like a river, and stock prices that will (hopefully) not go the way of a black hole. ๐๐ธ
This move is not just about the sweet, sweet capitalโit’s a bold declaration that Metaplanet’s Bitcoin-first strategy is the star that guides the crypto constellation. Recognized at the highest echelons, it validates their metamorphosis and grand vision, casting them as a shiny beacon in Japan’s ever-morphing crypto cosmos. ๐๐ญ
Once a humble hotel developer, Metaplanet has soared like a comet since embracing Bitcoin in the early days of 2024. Its stock has skyrocketed over 3,600%, outpacing even the swiftest of celestial bodies and drawing the eyes of investors like moths to a flame. ๐ฅ๐
As crypto.news has chronicled, Metaplanet’s shareholder base has ballooned to an astronomical 500% in 2024, now numbering nearly 50,000 starry-eyed investors. The Japanese taxman’s leniency towards the Nippon Individual Savings Account has made Metaplanet a more alluring prospect than direct Bitcoin purchases, which are taxed as harshly as a medieval alchemist. ๐งช๐ก๏ธ
With a Bitcoin horde of 1,762 and ambitions to triple it by the end of 2026, Metaplanet is Asia’s bold response to MicroStrategy’s crypto quest. And speaking of MicroStrategy, they’ve parked their own spaceship in the Nasdaq-100, right beside the likes of Apple, Microsoft, Nvidia, Amazon, and Alphabet. ๐๐
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2025-02-13 10:04