Benchmark Rates Metaplanet as "Buy" with a Target Price of 2,400 Yen

BlockBeats News, June 30 — According to a certain exchange, Benchmark has issued its first rating for Metaplanet, known as the "Japanese MSTR." Analyst Mark Palmer assigned the company a "Buy" rating with a target price of 2,400 yen. He stated that Metaplanet's "super accumulation" strategy aims to reach 210,000 bitcoins by 2027, accounting for 1% of the total supply. This strategy is supported by a unique, volatility-driven financing plan. Given the explosive growth of its BTC holdings, the valuation is considered reasonable.