Metaplanet buys an additional 5.419 BTC, Benchmark still maintains the recommendation of "Buy"

Benchmark Equity Research maintains a "Buy" recommendation for Metaplanet, despite the stock falling 40% in the past month. The analysts set a target price of 2,400 yen by the end of 2026, compared to the current 542 yen.

Metaplanet has just announced its largest acquisition with 5,419 BTC worth 632.5 million USD, bringing its total holdings to 25,555 BTC, making it the fifth largest publicly listed company holding Bitcoin in the world.

Despite the short-selling waves, Benchmark believes that Metaplanet's "bitcoin treasury" strategy remains solid, emphasizing the ability to generate recurring income from derivative strategies. The company has also just established Metaplanet Income Corp. in Miami with an initial capital of 15 million USD to develop Bitcoin-related financial products.

📌 Metaplanet was the best-performing stock in Japan last year and is currently up 56% since the beginning of 2025.

BTC-0.05%
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