Metaplanet CEO: Company Stock Heavily Shorted, but This Strategy May Not Succeed
According to a report by Jinse Finance, Simon Gerovich, CEO of the Japanese listed company Metaplanet, which adopts a Bitcoin treasury strategy, stated on the X platform that the company's stock might be the most shorted among Japanese listed companies. However, this strategy may not succeed. Do short sellers really believe that shorting Bitcoin is a successful strategy? Trading data shows that yesterday, Metaplanet's over-the-counter trading volume ranked third among 12,000 companies, and its trading volume ranked fourth. As of now, the company's Bitcoin holdings have reached 7,800 coins, valued at approximately $833 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No longer just keeping up with inflation! Japanese car unions push for a bigger wage increase, possibly setting the tone for the 2027 Shunto negotiations
Japan's largest automobile industry labor union is seeking to go beyond merely demanding wage increases in line with inflation in next year's labor negotiations.
Pi Network slides as sellers keep control – Despite 2 major upgrades
Crypto prices
More
