Metaplanet stock has come on the radar of hedge funds following a massive 33% gain over the past week, and a 121% gain on the monthly chart. With the stock now trading at a yearly high of 783 JPY, short bets have shot up significantly. CEO Simon Gerovich noted that betting against the Japanese firm is like betting against Bitcoin. Metaplanet CEO Slams Hedge Funds With its aggressive Bitcoin purchases and stellar Q1 results, the Japanese firm’s stock price has seen mammoth trading volumes on the Tokyo Stock Exchange, as well as other global indexes. However, looking at the Japan equity data, it turns out that Metaplanet is the most shorted stock by hedge funds in the country. Speaking on this development, company CEO Simon Gerovich said: “Apparently Metaplanet is the most shorted stock in Japan. Do they really think betting against Bitcoin is a winning strategy?” Source: S&P Global… Read More at Coingape.com

The post “Betting Against Bitcoin?” Metaplanet CEO Asks Hedge Funds On Stock Short appeared first on CoinGape.

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