PANews June 16 news, according to Bloomberg, the market value of Japanese listed company Metaplanet has soared nearly 400% in less than two months, taking advantage of the global cryptocurrency rally to surpass memory chip maker Kioxia Holdings Corp. On Monday, Metaplanet's market value exceeded 1 trillion yen (about 6.9 billion U.S. dollars) for the first time, and its stock price continued to rise, surpassing chip maker Screen Holdings Co. and Tokyo Metro Co. However, data shows that as of June 12, the short selling ratio of its outstanding shares reached 23%, the highest among Topix-listed companies of the same size, reflecting market doubts about the sustainability of the rally.