Metaplanet CEO: The company's stock is heavily shorted, but this strategy may not succeed

ChainCatcher news, Simon Gerovich, CEO of the Japanese listed company Metaplanet, which adopts a Bitcoin treasury strategy, posted on the X platform that the company's stock may be the most shorted among Japanese listed companies, but this strategy may not succeed. Do short sellers really believe that shorting Bitcoin is a successful strategy?

Trading data shows that yesterday, Metaplanet's over-the-counter trading volume ranked third among 12,000 companies, and its trading volume ranked fourth. As of now, the company's Bitcoin holdings have reached 7,800 coins, worth approximately $833 million.