Metaplanet Joins FTSE Japan, Gains Mid-Cap Status

Metaplanet Bitcoin, a Tokyo-listed company that transitioned from a hotel operator to a Bitcoin treasury firm in 2024, has been upgraded from small-cap to mid-cap status by FTSE Russell, leading to its inclusion in the flagship FTSE Japan Index and the global FTSE All-World Index. This reclassification follows the company’s strong second-quarter performance and reflects its growing significance in both Japan’s equity markets and the broader cryptocurrency space. Metaplanet holds 18,888 BTC in its treasury, making it Japan’s largest and the seventh-largest publicly traded Bitcoin holder worldwide, surpassing companies like Coinbase and Tesla in BTC holdings. The inclusion in major indices is expected to attract more institutional and passive investment flows into Metaplanet, thereby indirectly increasing demand for Bitcoin and supporting its price floor. The company has outperformed major Japanese benchmarks such as the TOPIX Core 30 with year-to-date gains around 187%, highlighting its robust market performance. Metaplanet’s leadership has expressed ambitions to expand its Bitcoin holdings significantly by 2027 and diversify into income-generating businesses using parts of its BTC treasury.