Metaplanet Bitcoin Strategy Under Pressure as Stock Falls 54%

Metaplanet’s Bitcoin strategy is under strain as the company’s stock price has dropped sharply. The Tokyo-listed firm’s shares have fallen 54% since mid-June, according to data cited by Bloomberg. The decline comes even as Bitcoin gained about 2% during the same period. The drop has weakened Metaplanet’s fundraising model, which relied on higher share prices […]

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