Metaplanet's stock surged 20% over two days following the release of robust Q3 financial results and CEO Simon Gerovich's comparison of the company's growth trajectory to Amazon's post-dotcom era. The company reported a Q3 revenue of 2.44 billion JPY, marking a 115.7% increase quarter-on-quarter, with operating profits surpassing forecasts by 88%.
CEO Gerovich emphasized Metaplanet's long-term strategy of accumulating Bitcoin and strengthening its business model, revealing that the company has already achieved its 2025 Bitcoin accumulation target of 30,823 BTC. Benchmark Equity Research has maintained a 'Buy' rating on Metaplanet, setting a 2026 price target of 2,400 JPY.
Metaplanet Stock Jumps 20% on Strong Q3 Results and CEO's Amazon Comparison
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.