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@ Layer3.news
2025-05-23 22:07:38
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HEDGE FUNDS ARE BETTING AGAINST METAPLANET. THE GAMESTOP 2021 SHORT SQUEEZE SCENARIO IS POSSIBLE
https://crypto.news/app/uploads/2025/03/crypto-news-US-Bitcoin-reserves-option03-1380x820-1.webp
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✍️ Metaplanet, a Japanese company, has shifted its focus to Bitcoin and has become one of the leading corporate holders of the cryptocurrency.
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👉 Metaplanet was founded in 1999 and has undergone significant changes over the years.
👉 The company's CEO, Simon Gerovich, discovered Bitcoin in 2020 and decided to pivot the company's strategy to focus on accumulating the cryptocurrency.
👉 Metaplanet has become one of the few companies in Asia to adopt a Bitcoin-centric approach, similar to MicroStrategy.
👉 The company holds 7,800 BTC and has a Bitcoin treasury valued at around $800 million, ranking it 10th globally.
👉 Metaplanet's stock price has continued to grow exponentially, with a year-to-date return of 291.3%.
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#SimonGerovich #Japan #Thailand #Philippines #Indonesia #Tokyo #business
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