Tokyo Stock Exchange Plans to Strengthen Regulations on Companies Holding Bitcoin
OdailyNov 13, 2025Japan Exchange Group (JPX), the largest stock exchange operator in Japan, is considering stricter scrutiny of publicly listed companies that shift their core business to large-scale cryptocurrency holdings, including new audit requirements and stricter reverse merger evaluations. This move stems from the recent wave of losses at Japanese Digital Asset Treasury (DAT) companies.For example, Metaplanet, which holds over 30,000 Bitcoin, has seen its stock price plummet 82% from a high of $15.35 in May of this year to its current price of $2.66. Another DAT company, Convano, has also seen its stock price fall 61% from a high of $2.05 in August to $0.79. JPX's move may close regulatory loopholes and restrict companies from circumventing traditional listing requirements by reverse mergers or transforming into cryptocurrency holding companies.[Odaily Planet Daily]
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Tokyo Stock Exchange Plans to Strengthen Regulations on Companies Holding Bitcoin
OdailyNov 13, 2025Japan Exchange Group (JPX), the largest stock exchange operator in Japan, is considering stricter scrutiny of publicly listed companies that shift their core business to large-scale cryptocurrency holdings, including new audit requirements and stricter reverse merger evaluations. This move stems from the recent wave of losses at Japanese Digital Asset Treasury (DAT) companies.For example, Metaplanet, which holds over 30,000 Bitcoin, has seen its stock price plummet 82% from a high of $15.35 in May of this year to its current price of $2.66. Another DAT company, Convano, has also seen its stock price fall 61% from a high of $2.05 in August to $0.79. JPX's move may close regulatory loopholes and restrict companies from circumventing traditional listing requirements by reverse mergers or transforming into cryptocurrency holding companies.[Odaily Planet Daily]
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