Hedge Funds Betting Against Metaplanet? CEO Has a Few Choice Words for Them!

Well, well, well, would you look at that! Metaplanet stock has recently become the darling of hedge funds, thanks to a jaw-dropping 33% gain in a week and a mind-blowing 121% rise over the past month. Who needs a crystal ball when you’ve got Metaplanet’s skyrocketing stock chart, huh? The price is now a shiny 783 JPY, a yearly high that has traders scrambling to figure out how to profit off this madness. Short bets are flying faster than you can say “bubble burst!” 😱

Enter Simon Gerovich, the fearless CEO of Metaplanet, who has decided to turn the tables on those who dare to bet against them. He boldly declared, “Betting against Metaplanet is like betting against Bitcoin!” I mean, sure, why not throw in a comparison to the world’s most unpredictable cryptocurrency? No pressure, right? 🤡

And guess what? This is where it gets spicy—despite Metaplanet’s impressive growth, with its Bitcoin-friendly ways and a spectacular Q1 performance, it turns out the company is the most shorted stock in Japan! Now that’s a plot twist worthy of a Netflix show! 😎 Hedge funds must be sweating bullets, but hey, maybe they’re onto something? Or maybe they’re just having a collective existential crisis? Only time will tell.

Simon, ever the charming provocateur, didn’t miss a beat. “Apparently, Metaplanet is the most shorted stock in Japan. Do they really think betting against Bitcoin is a winning strategy?” His words? As sharp as a katana. And to be honest, it sounds like he’s having a bit of fun with this. Can you blame him? 😏

So, hedge funds, take note. Maybe next time, think twice before shorting a stock that’s pulling a “Bitcoin-esque” stunt. We all know how that usually ends… with a few billion in lost profits and a lot of regret.

Source: S&P Global… Read More at Coingape.com

2025-05-21 08:56