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Benchmark Rates Metaplanet as 'Buy', Sets Stock Target Price at 2400 Yen

Summary: Benchmark has rated 'Japanese version of MSTR' Metaplanet for the first time, with analyst Mark Palmer giving the company a buy rating and a target price of 2400 yen. He stated that Metaplanet's 'super accumulation' strategy aims to reach 210,000 bitcoins by 2027, accounting for 1% of the total supply, supported by a unique, volatility-driven ...

Benchmark has rated 'Japanese version of MSTR' Metaplanet for the first time, with analyst Mark Palmer giving the company a buy rating and a target price of 2400 yen. He stated that Metaplanet's 'super accumulation' strategy aims to reach 210,000 bitcoins by 2027, accounting for 1% of the total supply, supported by a unique, volatility-driven financing plan. Considering its explosive growth in BTC, the valuation is deemed reasonable. (CoinDesk)

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