Metaplanet Shares Plummet Amid Bitcoin Strategy Scrutiny

Asia’s largest corporate holder of Bitcoin is facing intense pressure. Metaplanet, despite its substantial cryptocurrency reserves, is contending with a severe market correction. The firm recently disclosed fresh details regarding its share repurchase initiatives and option rights, leaving investors to wonder whether management can arrest the decline or if regulatory challenges pose further threats.

The company’s ambitious plan to accumulate 210,000 BTC by the end of 2027 now faces a potential regulatory hurdle. Reports indicate the Japan Exchange Group (JPX) is considering measures to limit the expansion of firms operating as “Crypto Treasuries,” driven by concerns over retail investor losses. This scrutiny comes as three other Japanese companies Read more...