With MSCI's new rules taking effect, Metaplanet is expected to be the only Japanese company among the 22 affected stocks, and the company's mNAV is reported to be 0.67x. The final list is scheduled for publication on 11 November.
MSCI has adopted new rules excluding non-operating companies from its indexes, effective after the close of trading on 30 November. As a result, 22 stocks are considered potentially affected, with Metaplanet expected to be the only Japanese company subject to the rules.
Metaplanet, the affected Japanese company, accounted for approximately 90% of the bitcoin held by Japanese listed companies, with total holdings of approximately 44,000 BTC. Total domestic holdings were approximately 49,575 BTC, meaning the company's holdings accounted for the vast majority.
According to the transaction history for the company's bitcoin holdings, the company recorded the sale of 10,000 BTC and the acquisition of 11,000 BTC as of 30 September. The total acquisition cost was approximately ¥149.896 billion.
MSCI plans to publish the final list on 11 November, with Metaplanet expected to be the only Japanese company subject to exclusion.