Metaplanet’s shares have experienced a remarkable surge in value, soaring 33% within just one week to reach ¥783 and setting a record for the year. This rapid rise has captivated investors while sparking increased speculation, driving hedge funds to take record-breaking short positions on the stock. The double-sided movement highlights both potential opportunities and mounting risks for those navigating this volatile market. The Tokyo Stock Exchange is experiencing unprecedented activity due to Metaplanet’s aggressive Bitcoin investments, particularly after the company posted strong first-quarter results. 121% in monthly gains have fueled investor interest, while short positions are at their peak levels, according to Japanese stock exchange data, indicating skepticism towards the company’s valuation. This tension creates a high-stakes environment as some investors embrace the stock’s potential while others fear its inflated price and choose to sell. Metaplanet CEO Simon Gerovich has boldly countered concerns by challenging hedge fund short positions, comparing them to taking a stance against Bitcoin itself.