Metaplanet: New Short Squeeze Phenomenon in Japan, Similar to Gamestop?

Jakarta, Pintu News – Metaplanet, a stock listed on the Tokyo Stock Exchange, has made headlines for its spectacular rise in share price. In one week, the stock surged 57%, and in one month, it recorded an increase of 163%.

Now, with its yearly high of 933 JPY, Metaplanet is the most heavily shorted stock by hedge funds in Japan, inviting speculation about a potential massive short squeeze.

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CEO Reaction to Short Selling

Simon Gerovich, CEO of Metaplanet, responded to this phenomenon with a criticism of the hedge funds’ strategy of staking short positions on his company’s shares.

“It seems that Metaplanet is the most shorted stock in Japan. Do they really think that betting against Bitcoin (BTC) is a winning strategy?” said Gerovich.

The company’s aggressive strategy of buying Bitcoin (BTC) and strong results in the first quarter have driven high trading volumes, both on local and international exchanges.

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Trading Volume and Potential Short Squeeze

Dylan LeClair, Bitcoin Strategist at Metaplanet, points out that the company’s shares have reached record trading volumes on May 20. In Germany, the company’s DN3 stock traded 2.51 million shares with a total transaction value of €15.35 million.

Meanwhile, in the US over-the-counter (OTC) market, ticker $MTPLF saw 21.14 million shares traded, with a total value of $150.29 million. This increase indicates high interest from investors and speculation about a possible impending short squeeze.

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Comparison with the Gamestop Phenomenon

Analysts compared the current situation to the Gamestop (GME) phenomenon in 2021, where a stock heavily shorted by hedge funds saw its share price surge by 3200%, resulting in huge losses for those who bet on a decline.

Metaplanet, which now has a high correlation with the price of Bitcoin (BTC), shows similar potential. With growing institutional interest in Bitcoin (BTC) and prices expected to reach record highs, hedge funds that bet short on Metaplanet are in a very risky position.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Betting Against Bitcoin: Metaplanet CEO Asks Hedge Funds on Stock Short. Accessed on May 22, 2025
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