According to @StockMKTNewz, Benchmark analyst Mark Palmer has initiated coverage on Metaplanet (3350.T) with a buy rating and a ¥2,400 price target, implying approximately 50% upside from its recent close. The report refers to the company as "Japan's answer to MSTR" due to its aggressive Bitcoin (BTC) accumulation strategy, which has already resulted in a 7,742% stock return since its pivot in April 2024. The source states that Metaplanet recently raised $515 million through a stock rights offering to fund further BTC acquisitions. Despite trading at a 5.12x premium to its net asset value (NAV), the analyst justifies the valuation by the company's explosive 8,655% growth in its BTC holdings. This corporate adoption trend is also seen in Europe, where The Blockchain Group (ALTBG) raised $4.8 million to expand its own Bitcoin treasury, which currently holds 1,653 BTC.

According to @rovercrc, Japanese public company Metaplanet (3350) has aggressively increased its Bitcoin holdings to 10,000 BTC, surpassing crypto exchange Coinbase to become the ninth-largest corporate holder of the asset. The firm's latest purchase involved acquiring 1,112 BTC for $117.2 million at an average price of $105,435 per BTC, as stated by CEO Simon Gerovich. Since initiating its BTC accumulation strategy in April 2024, Metaplanet's total investment has reached approximately $947 million, with an average acquisition cost of $94,697 per coin, according to data from BitcoinTreasuries.com. To finance these purchases, the company issued $210 million in zero-percent ordinary bonds. This strategy has been met with significant positive market reaction, causing Metaplanet's shares to surge 26% on Monday, which could signal strong investor confidence in corporate Bitcoin treasury strategies.