Bitcoin proxy’s chief seeks a funding fix


Seeking acquisitions: Metaplanet’s booth during an event in Hong Kong. The company currently has 18,991 bitcoins and is looking to buy more. — Reuters

Tokyo: Simon Gerovich, who turned a struggling Japanese hotelier into a bitcoin stockpiler and investor darling, is feeling the heat. 

His company, Metaplanet Inc, has seen its stock halve in value since mid-June after soaring over 400% since the start of this year.

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