Metaplanet, a company at the forefront of Bitcoin investments, is facing significant pressure from hedge funds shorting its stock. This follows a record-breaking surge in Metaplanet’s valuation, which has seen its market capitalization skyrocket by 121% over the past month. The rise coincides with Metaplanet’s aggressive accumulation of Bitcoin holdings, reaching a total of 2,888 BTC, worth $196.3 million. This strategy echoes MicroStrategy’s own approach to Bitcoin accumulation, drawing comparisons and igniting shorting attempts from hedge funds in Japan. Metaplanet’s CEO, Simon Gerovich, has challenged these short-selling strategies, stating the company’s bold move towards Bitcoin aligns with a strong bullish outlook and suggests substantial trading volumes. Gerovich has emphasized the potential for regulatory scrutiny if this trend of shorting persists. The parallels to MicroStrategy’s past successes in Bitcoin ventures have further fueled speculation, but it remains to be seen whether Metaplanet will emulate their success. The company is currently facing intense scrutiny from hedge funds who are betting against its Bitcoin strategy, prompting a high level of market interest.