tl;dr
Metaplanet, holding $111,694 worth of Bitcoin and 18,888 BTC, has been upgraded from small-cap to mid-cap in FTSE Russell's September 2025 review, leading to its inclusion in the FTSE Japan Index and FTSE All-World Index. The company, which shifted from hotel operations to Bitcoin treasury in 2024, ...
Metaplanet, a Bitcoin (BTC) treasury company holding $111,694 worth of BTC, has been upgraded from a small-cap to a mid-cap stock in FTSE Russell's September 2025 Semi-Annual Review. This upgrade led to its inclusion in the flagship FTSE Japan Index, which features mid-cap and large-cap companies listed on Japanese exchanges. The quarterly update and rebalancing by FTSE Russell reflect Metaplanet's strong Q2 performance, positioning it among Japan's leading stocks.
As a result of its inclusion in the FTSE Japan Index, Metaplanet is also added to the FTSE All-World Index, gaining visibility among the largest publicly listed companies globally by market capitalization. This inclusion is expected to channel capital flows from traditional financial markets into Bitcoin, providing passive stock investors with indirect exposure to the cryptocurrency.
While Japan's blue-chip stocks like Toyota, Sony, and Nintendo form a key part of the market, Metaplanet has demonstrated exceptional performance by outperforming the Tokyo Stock Price Index (TOPIX) Core 30. The company reported year-to-date gains of approximately 187% in August, substantially exceeding TOPIX 30’s 7.2% appreciation, signaling strong investor confidence in its BTC-driven strategy.
Currently holding 18,888 BTC, Metaplanet stands as the seventh-largest publicly traded holder of Bitcoin globally and the largest in Japan. The company transitioned from a hotel operator to a Bitcoin treasury firm in 2024 and now holds more BTC than notable names such as Coinbase, Tesla, and the Hut 8 mining firm. CEO Simon Gerovich has revealed plans to leverage a portion of its Bitcoin holdings to acquire income-generating businesses, potentially including digital banks or firms related to digital assets and finance.
Looking ahead, Metaplanet's executives have set an ambitious target to accumulate 210,000 BTC by 2027, aiming to control 1% of Bitcoin's total capped supply of 21 million coins. This strategic vision positions Metaplanet as a key player in blockchain asset management, signaling a transformative shift in how traditional markets integrate with cryptocurrency holdings.