What happened?
- Investment bank Chardan starts coverage with buy recommendation and Price target $9.90 (~¥1,455).
- Metaplanet $3350 (-0,43 %) now holds 20,136 BTC in the treasury.
- Japan-Close:
¥608 (+14,72%). ADR MTPLF last at $3,94.
Additional triggers
- New subsidiaries (Metaplanet Income Corp., Bitcoin Japan Inc., Bitcoin Japan Co., Ltd.) are to scale BTC income models.
- Short overhang: including large houses with prominent positions. Sounds like... Drift. 💥
macro
- Bitcoin prints direction $116k; 24h volume declining. Correlation remains high.
Why relevant
- Narrative "Japan's $MSTR (-0,74 %)" remains intact: Equity wrappers as high-beta BTC exposure plus potential yield strategies.
Key figures at a glance
- BTC holdings: 20.136
- Price target (Chardan): $9,90 (~¥1.455)
- JPN Close: ¥608 (+14,72%)
- ADR (previous day): $3,94
- Short overhang: increases the squeeze optionality ✨
My takeaways (not investment advice):
Positive catalyst through fresh analyst cover - sentiment boost possible.
Double-edged: High short float = chance of short squeeze
and more volatile drawdowns.
BTC beta rules: $MTPLF remains an indirect bet on the BTC trend.
Watchlist
- Delivery on the yield models of the new subs (not just announcements).
- Funding requirements/dilution vs. further BTC purchases.
- Further analyst coverage & index flows.
😏🎉
Imagine the shorties building a ladder only for the price to push them off the high. Pure charity - towards longs. Thank you for your service to volatility. 🫶📈
Sources:
The Coin Republic (09/19/2025): "Breakthrough: Metaplanet (MTPLF) stock gets a buy recommendation and this price target"
CoinDesk (30.06.2025) - Coverage/Peers
MarketScreener - Consensus/Overview
