Key Notes

Morgan Stanley, MUFG, and Jefferies expanded the Metaplanet short positions, while UBS re-entered with fresh short positions.

Borrowing costs for Metaplanet shares have surged to 54% annually, raising the risk of a potential short squeeze.

The Japanese firm continues to raise funds for new Bitcoin acquisitions and is on track to accumulate 30,000 BTC by the end of 2025.

The stock of Metaplanet, a Bitcoin BTC $114 881 24h volatility: 1.0% Market cap: $2.29 T Vol. 24h: $38.37 B proxy firm, has corrected by 8.37% on the Tokyo Stock Exchange, extending its total correction to 70% from the highs of 1,900 JPY in mid-June. This comes as the short positions pile up from global financial giants like UBS, Goldman Sachs, Morgan Stanley, etc.

Financial Gian

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