The market value of Japanese listed company Metaplanet has now surpassed that of chip manufacturer Kioxia According to Bloomberg, the market value of Japanese listed company Metaplanet has surged nearly 400% in less than two months, surpassing storage chip manufacturer Kioxia Holdings Corp., taking advantage of the global cryptocurrency rally. On Monday, Metaplanet's market value exceeded 1 trillion yen (approximately 6.9 billion US dollars) for the first time, and its stock price continued to rise, surpassing chip manufacturer Screen Holdings Co. and Tokyo Metro Co. However, data shows that as of June 12th, the short selling ratio of its circulating stocks reached 23%, the highest among companies of the same size listed on the Eastern Stock Exchange, reflecting market doubts about the sustainability of the upward trend.