Do you guys know what's going on in Metaplanet? It is up like 300% in 3 days. Did they disclose more BTC ownership? It went from $4.30 to $16 in 4 days. That $12 --> $16 move was like in 10 minutes.
It hits limit up in Japan, the stock is symbol 3350 (Metaplanet), but it got listed in the US otcqx symbol mtplf and I think it got listed in Germany also It's the most shorted stock in Japan... In the US and possibly in Germany also, it trades freely, so the next day, Japan Nikkei opens and it hits limit up within seconds or minutes
CEO discloses what's up https://open.spotify.com/episode/3FfU1Yeu1wTDseWcHYXXQR?si=d9cb202e21dc4ec5 After listening to it, super bullish, market buy in at $8 Since no one is mentioning it on WSB, could possibly be a GME 2.0 when FOMO kicks in.
Looks like they had a good earnings on 5/16 which triggered this short covering. News headlines from IB: