Bitcoin’s price fell below $112,000 as Metaplanet revealed the acquisition of an extra 103 BTC, amounting to around $11.7 million, which increases its total holdings to 18,991 BTC valued at about $2.2 billion. The announcement follows FTSE Russell’s confirmation of Metaplanet’s inclusion in the FTSE Japan Index, elevating the company from small-cap to mid-cap status in its September 2025 semi-annual review.
The index inclusion, scheduled to take effect after market close on September 19, represents a notable achievement for corporate Bitcoin treasury strategies. “Another important milestone on our journey as Japan’s leading Bitcoin treasury company,” Metaplanet CEO Simon Gerovich stated on X. The company is pursuing an aggressive strategy to acquire 210,000 BTC. The most recent acquisition was partly financed by the exercise of 49,000 stock acquisition rights from August 18-22, resulting in an increase of 4.9 million shares to the company’s total outstanding shares, which now stands at 722 million. This financing approach, although it reduces the stake of current shareholders, allows for ongoing Bitcoin acquisition without exhausting cash reserves. Metaplanet’s inclusion in the FTSE Japan Index establishes a regulated pathway for BTC exposure and opens the door for other Bitcoin-focused companies to enter significant benchmarks. Passive flows into the FTSE indices could direct institutional capital towards Metaplanet, providing indirect exposure to Bitcoin.
The company’s shift from a conventional hotel group to Asia’s leading Bitcoin treasury firm illustrates a wider movement towards corporate Bitcoin adoption. Over the last month, five public companies have revealed major initiatives regarding their Bitcoin treasuries, such as Ming Shing Group’s purchase of $483 million and KindlyMD’s acquisition of $679 million. The incorporation of companies focused on Bitcoin into conventional equity indices introduces fresh hurdles for institutional investors. Although passive inflows from index inclusion may enhance liquidity and contribute to long-term stability, significant fluctuations in Bitcoin prices could lead to unforeseen volatility for those investing passively. Eric Trump, who became a strategic adviser at Metaplanet in March, is anticipated to be present at the upcoming shareholder meeting in Tokyo this September. His involvement underscores the increasing convergence of traditional finance with Bitcoin treasury strategies. As more corporations embrace Bitcoin treasury strategies, the distinction between traditional equity investments and Bitcoin exposure increasingly fades.
Metaplanet’s inclusion in the FTSE could act as a model for other companies aiming to harmonize their Bitcoin treasury operations with engagement in the broader market. The momentum of corporate Bitcoin adoption continues unabated, with analysts anticipating that additional companies will unveil Bitcoin treasury initiatives in the near future. The rising acceptance among institutions, along with new financing models, indicates that corporate holdings of Bitcoin may play a more prominent role in both the equity and Bitcoin markets.