Metaplanet has been added to the FTSE Japan index, reinforcing Bitcoin's position

Metaplanet, a hotel company listed in Tokyo, has transformed into one of the most active "Bitcoin vaults" in Asia, and has just been added to the #FTSE Japan index. This move upgrades Metaplanet from a small-cap to a mid-cap status and will be effective from September 19.

The significance of being added to the index

The inclusion of Metaplanet in the FTSE Japan index is significant for both the company and the cryptocurrency market.

Attracting passive investment: Index funds tracking the FTSE will automatically purchase shares of #metaplanet . This will create a stream of passive capital flowing into the company, while also indirectly bringing Bitcoin into the mainstream investment portfolios of large investors.

Reinforcing strategy: Being accepted into a prestigious index shows that Metaplanet's strategy of holding Bitcoin is not a barrier. It also solidifies the company's position as a pioneer in integrating Bitcoin into corporate financial structures.

Risks and challenges

However, analysts also point out several risks. Passive investors may not be aware of the extent of their exposure to Bitcoin price volatility through Metaplanet shares. Additionally, as Metaplanet continues to purchase Bitcoin to reach the goal of 210,000 $BTC , reliance on Bitcoin will increase, potentially causing unexpected volatility for these investors. #Japan