Metaplanet Shares Plunge 7% Amidst Japan's Proposed Crypto Hoarding Clampdown
Metaplanet Shares Plunge 7% Amidst Japan's Proposed Crypto Hoarding Clampdown
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Shares of Metaplanet, a firm known for its substantial Bitcoin treasury, experienced a significant 7% drop. This decline follows reports indicating that Japan is considering new regulations aimed at clamping down on cryptocurrency hoarding, a move that could impact companies with large digital asset holdings.
Bitcoin Treasury Giant Metaplanet Sinks 7% as Japan Eyes Crypto Hoarding Clampdown
Metaplanet shares have been hit hard by a Bloomberg report, plunging by roughly 7%. This development comes as Japan reportedly eyes a clampdown on crypto hoarding, potentially impacting firms with significant Bitcoin reserves and institutional investors in the region.