Metaplanet Soars: Benchmark Unleashes Bullish ¥2,400 Target for Bitcoin Investment Pioneer

Key Points

1. Benchmark, a U.S. investment bank, has given Metaplanet a buy rating with a ¥2,400 price target, representing a 50% upside from its current stock price.

2. Metaplanet's Bitcoin strategy is drawing attention as it positions the company as a key player in Japan's digital asset landscape.

3. The endorsement could encourage other Japanese corporations to explore Bitcoin as a treasury asset, similar to MicroStrategy's approach.

4. Metaplanet's stock performance is now closely tied to Bitcoin's volatile price, introducing significant investment risks.

5. The move signals growing institutional interest in Bitcoin and its integration into traditional corporate strategies.