Metaplanet has put itself back in the spotlight with an ambitious plan to aggressively grow its Bitcoin treasury — and analysts are taking notice. Bullish price targets tied to BTC growth Bitcoin-treasury analyst Hermes Lux says Metaplanet’s newly backed U.S. stock, MPJPY, could surge as much as ~1,500% by the end of 2027, with about 402% upside for 2026. Those targets hinge on two assumptions: Bitcoin itself rallies roughly 40% per year, and Metaplanet scales its BTC holdings to 100,000 by 2026 and to about 210,000 by 2027. Lux posted the outlook on X. Three tradable tickers, stronger performance than BTC Metaplanet now has three listed equities: MPJPY (a newer backed offering trading OTC in the U.S.), MTPLF (an earlier — but unbacked — U.S. OTC listing), and 3350 (the original listing on the Tokyo Stock Exchange). Over the past month the trio has recovered between about 6% and 28%, while Bitcoin itself has barely budged (sub‑1% movement). For context, MicroStrategy (MSTR) was down roughly 12% over the same period — a contrast that helped lift sentiment around the Japan‑based treasury firm. Shareholder-approved capital plans and buyback optionality Shareholders recently approved capital-raising measures that include a reserve to cover dividends on preferred stock. Like MicroStrategy, Metaplanet funds BTC purchases through equity issuance and credit lines — but management has also signalled it could execute aggressive share buybacks without touching its Bitcoin stash. That dual flexibility — raise equity to buy BTC, or buy back shares while holding BTC — is a key reason analysts see upside. mNAV recovery and upside scenarios Analysts say Metaplanet’s mNAV — the ratio of its crypto‑holdings value to its enterprise value — has rebounded to about 1.25x from a Q4 2025 low near 0.93x after the update. Adam Livingston called the company’s new plans “incredible catalysts” for 2026. Another analyst, Zyn, believes mNAV could move to 1.4x and potentially 3–4x during a strong Bitcoin rally, and argued mNAVs of 3–5x are possible in euphoric markets — a scenario that would be extremely bullish for the stock. Treasury position and 2026 buying signal Metaplanet has already raised roughly $400 million, signalling capacity for meaningful BTC purchases next year. The firm stopped buying new Bitcoin in late 2025 after surpassing its 30,000 BTC target; it currently holds 30,823 BTC and is targeting an additional ~70,000 BTC in 2026 to reach 100,000 BTC. Takeaway Metaplanet’s playbook — a mix of equity issuance, credit, preferred instruments, potential buybacks and a clear BTC accumulation target — has reignited investor interest. Analysts’ upside scenarios depend heavily on both company execution and a sustained Bitcoin rally; if both align, the upside could be sizable. Disclaimer: This is informational news content and not investment advice. Cryptocurrency trading carries high risk; do your own research before making investment decisions. © 2025 AMBCrypto. Read more AI-generated news on: undefined/news

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