Just as Bitcoin plummeted 12% over the last week, shares in East Asian companies with ties to crypto are also feeling the heat.
Recent months have seen a slew of listed **** anese companies follow Metaplanet’s lead into the Bitcoin treasury business.
Now, bearish crypto forces are dragging their share prices down by roughly 10% over the last five days.
So far, the carnage has been cast wide and includes Bitcoin **** an, formerly Marusho Hotta.
The firm, a 164-year-old kimono and textiles producer, this month completed a crypto-themed rebrand after it was acquired by the US-based crypto cus