Tokyo exchange operator eyes crackdown on Bitcoin-holding firms after DAT rout
Metaplanet CEO Simon Gerovich said JPX’s concerns are with companies that feature poor approvals and insisted the critique doesn’t apply to them.
Japan’s largest stock-exchange operator weighs new restrictions on publicly listed companies that pivot their core business into buying and holding crypto, signaling a potential shift in one of the most active markets for digital-asset treasury (DAT) firms.
Citing anonymous sources familiar with internal deliberations, Bloomberg reported that Japan Exchange Group (JPX) is exploring stricter scrutiny for companies that shift their core business into large-scale crypto accumulation. This includes adding fresh audit requirements and applying backdoor-listing rules to such companies.
The move comes after a wave of losses hit Japan’s DATs, many of which attracted retail investors earlier this year. Metaplanet, Japan’s largest DAT, holding over 30,000 Bitcoin (BTC), saw its shares fall from a year-to-date (YTD) high of $15.35 on May 21 to $2.66 at the time of writing. This marked an 82% drop from its highest value this year.
