Metaplanet Short Squeeze Looms for 2021

Metaplanet Becomes Japan’s Most Shorted Stock Amidst Bitcoin Investments

• Metaplanet (TYO: 3350) has become Japan’s most shorted stock following a 57% weekly gain and a 163% monthly increase.
• The stock reached a yearly high of 933 JPY, prompting increased short bets from hedge funds.
• CEO Simon Gerovich criticized the strategy of betting against Bitcoin, given the company’s aggressive Bitcoin purchases.
• Record trading volumes were seen, with DN3 shares in Germany trading at €15.35 million and OTC U.S. ticker $MTPLF at $150.29 million.
• Analysts draw parallels to the Gamestop (GME) short squeeze of 2021, highlighting potential risks for hedge funds involved in shorts.

Metaplanet’s significant stock gains and heavy shorting by hedge funds have led to comparisons with the Gamestop situation in 2021. The company’s strong Bitcoin investments contribute to its volatile market position.