Metaplanet's Price Target Reduced Amid Bitcoin Valuation Declines

Benchmark investment bank has lowered Metaplanet's price target from 2,400 yen to 1,100 yen, while maintaining a buy rating. According to NS3.AI, this adjustment comes after Metaplanet's earnings report revealed substantial revenue growth alongside a significant net loss attributed to declines in Bitcoin valuation. Investor interest in Metaplanet's preferred stock issuance, linked to its Bitcoin revenue strategy, will be pivotal in the future.