Metaplanet is Japan’s Most Shorted Stock, Says CEO Amid Global Short Squeeze Speculation

Description

Dubbed as Japan’s ‘Strategy’, Metaplanet is now the country’s most shorted stock by hedge funds, CEO Simon Gerovich posted on X earlier today, warning that betting against Metaplanet is like betting against Bitcoin. The company’s stock has surged over 4,800% over the past year because of the company’s pivot to Bitcoin investment strategy. Originally a budget hotel operator, Metaplanet turned to Bitcoin-first treasury strategy in 2024 and has since seen a significant rise in its stock prices. As ...