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Cryptocurrency News Articles
Metaplanet Gains First Index Listing With Inclusion on CoinShares' BLOCK Index
Nov 05, 2024 at 06:06 pm
The company's stock is the best-performing Japanese equity this year, having gained nearly 840%, according to Investing.com.
Japanese investment firm Metaplanet Inc. (3350), which holds over 1,000 bitcoin, has been included in a global equity index for the first time.
The Tokyo-based company said Tuesday that its stock will be included in the CoinShares Blockchain Global Equity Index (BLOCK).
CEO Simon Gerovich adopted a strategy of holding bitcoin in May as a hedge against the volatility of the yen. The company now has 1,018 BTC, valued at over $70 million.
Metaplanet's stock is the best performing Japanese equity this year, up nearly 840%, according to Investing.com. It closed Tuesday at 1,695 yen ($11.14), up 6%, while the benchmark Nikkei 225 Index rose 1.4%.
Inclusion in an index can generate additional demand for a stock, as investors who track that particular index will seek to add it to their portfolios.
The BLOCK Index tracks 45 companies in the cryptocurrency and blockchain sectors. It includes crypto exchange Coinbase (COIN) and bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT). It also includes software development company MicroStrategy (MSTR), which holds the largest stash of BTC among publicly traded companies with 252,220 bitcoin.
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- The Fascinating World of Rare British 50p Coins: From Benjamin Bunny to Kew Gardens
- Nov 23, 2024 at 04:25 am
- The world of coin collecting has seen a surge in interest over the years, with certain rare coins fetching eye-watering prices at auctions and on marketplaces like eBay. Among the most sought-after coins in the UK are 50p pieces, particularly those that feature unique designs or commemorate significant national events.
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- The King Charles III 50p Coin: A New Era of Collectibles
- Nov 23, 2024 at 04:25 am
- The Royal Mint has released a series of 50p coins featuring the portrait of King Charles III, but one particular coin has quickly surpassed even the iconic Kew Gardens 50p coin in terms of desirability. With the growing interest in coin collecting, it’s now more important than ever to check your change — you may be holding onto a hidden treasure that could be worth much more than its face value.
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- XRP (XRP) Keeps Attracting Interest With Its Increasing Price Trajectory as Rexas Finance (RXS) Emerges a Possible Rival
- Nov 23, 2024 at 04:25 am
- XRP has increased 4.34% over the previous 24 hours, raising its market capitalization above $65 billion. With analysts speculating about the likelihood of a major price breakout, this little movement has driven forecasts that XRP might shortly break $1.50. But another growing star in the crypto scene while the globe observes XRP’s every action is Rexas Finance (RXS). A Ripple millionaire sees this coin as a major rival to XRP’s supremacy since he believes it might soar by an amazing 19,900% to $16 in the next 70 days or less.