Analyst RatingAnalyst is reiterating a Buy rating on Metaplanet based on a sum-of-the-parts analysis, including the estimated market value of the company's bitcoin holdings and the value of its hotel and bitcoin income generation businesses.
Bitcoin HoldingsMetaplanet made its largest bitcoin purchase to date, increasing its total holdings to 25,555 bitcoins, making it the fifth-largest corporate holder among public companies globally.
Capital ExpansionThe company has secured $1.4bn in fresh capital and shareholder approval to issue perpetual preferred stock, giving it the structural flexibility to continue expanding its bitcoin holdings even as its common stock experiences turbulence.