Metaplanet Addresses JPX Consultation on New Rules, Reaffirms Bitcoin Strategy

Odaily Planet Daily reports that Metaplanet CEO Simon Gerovich responded on X after Japan Exchange Group (JPX) said it would delay adding companies that hold cryptocurrency as a primary asset to its index. Gerovich said he respects the consultation process and will engage actively, adding that the move will not slow Metaplanet's progress in executing its Bitcoin strategy and building out related ecosystem initiatives. He said Metaplanet was established to give Japanese investors a compliant way to gain Bitcoin exposure through a Tokyo Stock Exchange-listed company, and stressed the firm's approach goes beyond portfolio allocation. Under "Project Nova," Metaplanet plans to accelerate the growth of Japan's Bitcoin ecosystem by scaling operating initiatives and investing in industry partners. The company said more than 216,000 Japanese shareholders have participated to date. Metaplanet said it will continue constructive discussions with JPX and other stakeholders to deepen market understanding of Bitcoin and clarify the company's role within Japan's financial system.