Metaplanet upgraded to mid-cap stock in FTSE Japan Index due to strong Q2 performance. Also added to FTSE All-World Index. Source: FTSE Russell. This inclusion will redirect capital flows into Bitcoin and give passive stock investors indirect exposure to the cryptocurrency.

Metaplanet outperformed TOPIX Core 30 with 187% YTD gains in August compared to TOPIX 30’s 7.2% YTD appreciation. Currently holds 18,888 BTC, making it the seventh-largest publicly traded holder of Bitcoin. Originally a hotel operator, now Japan’s largest BTC treasury company by BTC holdings.

Metaplanet CEO plans to use BTC stash to buy income-generating businesses. Targeting accumulation of 210,000 BTC by 2027, 1% of total supply. Rebranded as Bitcoin treasury company in 2024, now holds more BTC than Coinbase, Tesla, and Hut 8 mining firm. Eyeing digital bank acquisition.

Read more at Cointelegraph: Metaplanet added to the FTSE Russell Japan and All-World stock market indices