PANews reported on September 25th that, according to The Block , Benchmark Equity Research reiterated its "buy" rating on Japanese Bitcoin vault company Metaplanet with a target price of 2,400 yen, despite its stock price plummeting 40% in recent months. Metaplanet recently increased its holdings by 5,419 bitcoins for approximately $ 633 million, bringing its total holdings to 25,555 , making it the world's fifth-largest publicly traded bitcoin holder. The company also established a subsidiary in the United States, focusing on bitcoin-related financial products.