Metaplanet CEO: The company's stock has been heavily shorted, but this strategy may not succeed
According to online reports, Simon Gerovich, CEO of Metaplanet, a Japanese listed company that adopts Bitcoin treasury strategy, wrote on platform X that the company's stock may be the most shorted among Japanese listed companies, but this strategy may not be successful. Do short sellers really think shorting Bitcoin is a successful strategy? Trading data shows that Metaplane ranked third among 12,000 companies in over-the-counter trading transaction volume and fourth in transaction volume yesterday. As of now, the company's Bitcoin positions have reached 7800, worth approximately US$833 million.
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