Tokyo Stock Exchange Plans to Strengthen Regulations on Companies Holding Bitcoin
MetaEraNov 13, 2025
On November 13 (UTC+8), Japan Exchange Group (JPX), the largest stock exchange operator in Japan, is considering stricter scrutiny of listed companies that shift their core business to large-scale cryptocurrency holdings, including new audit requirements and stricter reverse takeover assessments.This move stems from the recent wave of losses at Japanese Digital Asset Treasury (DAT) companies. Taking Metaplanet, which holds over 30,000 Bitcoins, as an example, its stock price has plummeted 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.This move by JPX may close regulatory loopholes, restricting companies from circumventing traditional listing requirements by reverse takeovers or transforming into cryptocurrency holding companies.[MarsBit]
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Tokyo Stock Exchange Plans to Strengthen Regulations on Companies Holding Bitcoin
MetaEraNov 13, 2025
On November 13 (UTC+8), Japan Exchange Group (JPX), the largest stock exchange operator in Japan, is considering stricter scrutiny of listed companies that shift their core business to large-scale cryptocurrency holdings, including new audit requirements and stricter reverse takeover assessments.This move stems from the recent wave of losses at Japanese Digital Asset Treasury (DAT) companies. Taking Metaplanet, which holds over 30,000 Bitcoins, as an example, its stock price has plummeted 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.This move by JPX may close regulatory loopholes, restricting companies from circumventing traditional listing requirements by reverse takeovers or transforming into cryptocurrency holding companies.[MarsBit]
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