Benchmark Sets 2400 JPY Target for Metaplanet
Introduction
Metaplanet’s Tokyo-listed shares have drawn renewed investor interest after Benchmark Equity Research initiated coverage with a buy rating and set a 2,400 JPY price target. The firm views recent pullbacks as attractive “buy the dip” opportunities, underpinned by Metaplanet’s aggressive Bitcoin accumulation and robust yield performance.
Benchmark’s Bullish Outlook
Benchmark highlights that Metaplanet’s stock now trades significantly above pre-2025 levels, with upside potential of nearly 50%. The 2,400 JPY target reflects the incremental value that a growing Bitcoin treasury can add to the company’s balance sheet, especially amid broader crypto market recovery.
Aggressive Bitcoin Acquisition
Since launching its treasury strategy, Metaplanet has amassed approximately 13,350 BTC, surpassing several high-profile corporate holders. Management aims to increase this to 30,000 BTC by year-end, targeting long-term capital appreciation and balance-sheet diversification.
Impressive Yield and Financial Metrics
In 2025, Metaplanet’s Bitcoin yield surged over 340% year-to-date, driven by both Bitcoin price appreciation and accretive purchase timing. Quarterly yields climbed from 95% in Q1 to 129% in Q2, underscoring the potential for compounding returns as the treasury grows.
Strategic Growth Initiatives
Beyond its acquisition plan, Metaplanet has unveiled the “555 Million Plan” to secure 1% of Bitcoin’s circulating supply by 2027. The company’s moving-strike warrants are structured to benefit from periods of heightened volatility, offering investors additional upside participation.
Key Risks to Consider
Market Volatility: Bitcoin’s price swings could weigh on near-term book value.
Regulatory Uncertainty: Changes in crypto taxation or treasury accounting rules could impact returns.
Execution Risk: Achieving the 30,000 BTC target will require consistent funding and disciplined purchasing.
Conclusion
With a strategic focus on Bitcoin accumulation and innovative financial instruments, Metaplanet stands out among corporate crypto holders. Benchmark’s 2,400 JPY target underscores confidence in the company’s long-term growth roadmap, even as investors weigh volatility and execution nuances.