Benchmark Equity Research has reiterated its "buy" rating for Metaplanet, a Japanese Bitcoin vault company, setting a target price of 2,400 yen. This comes despite a 40% drop in Metaplanet's stock price in recent months. The company has bolstered its Bitcoin holdings by acquiring 5,419 bitcoins for approximately $633 million, increasing its total to 25,555 bitcoins, making it the fifth-largest publicly traded Bitcoin holder globally. Additionally, Metaplanet has launched a U.S. subsidiary to focus on bitcoin-related financial products.