Metaplanet urges opposition to proposed TOPIX exclusion for crypto-heavy firms

Japanese listed company Metaplanet, which has been accumulating Bitcoin, is calling for community signatures to oppose a proposed change to the Tokyo Stock Exchange's key index. Dylan LeClair, head of Bitcoin strategy at Metaplanet, stated that the Japan Exchange Group (JPX) is considering a plan to exclude companies with over 50% of their assets in cryptocurrency from the Tokyo Stock Price Index (TOPIX). He noted that the measure could affect Metaplanet, Remixpoint, and Anap Holdings, and urged the public to sign a petition against the proposal.