“Analyst Mark Palmer Sees About 50% Upside for the Shares.”, – WRITE: www.coindesk.com
Acquisition strategy.
That’s about 50% Upside from the Stock’s Close of ¥ 1.650 Ovrtnight. Adrs for the Shares Trade in the US Under the Mtplf Symbol and Closed Friday at $ 10.36.
Palmer Said Metaplanet’s “Hyper-Accumulation”, Aiming for 210,000 BTC by 2027, OR 1% of Total Supple, is Backed by a unique Capital-Raising Plan.
Metaplanet’s Recently AnnounCed ‘555 Million Plan’ would Issue 555m Moving Strike Warrants to Raise ¥ 770b ($ 5.3b) Over 6 to 10 MONTS, FUELING FURTHERER.
Once A Small Hotel Operator, Metaplanet Pivated in April 2024 to Become The Nation’s First Listed Bitcoin Treasury Play, Offering Levergged Exposure to Japanesesetors Facing Tax Hurd Ownership. The Stock Has Since Delivered A Staggering 7.742% Return, OutperForforming Every Other Japanese Equity Tenfold.
Thought Metaplanet Trades at A 5.12x Premium to Net Asset Value (NAV), Palmer Said the Valuation Is Justified by Its Explosive BTC Growth. The Company have increasted it bitcoin stack by 8.655% Since Q3 2024 Versus A 263% Increase in Diluted Shares.
The Stock Rose 11% in overnight Trading in Tokyo, Closing at Y1,650.
Read More: Metaplanet Acquires 1,005 Bitcoin, Issues $ 208m Bonds for Further BTC Buys
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