Metaplanet Announces Bitcoin-Backed Share Buyback to Potentially Enhance Capital Efficiency

• Metaplanet holds 30,823 BTC, ranking as the fourth-largest listed Bitcoin holder globally and the largest in Asia per BitcoinTreasuries.net data.

• The buyback targets up to 150 million shares, representing 13.13% of issued shares, funded by a $500 million credit facility backed by Bitcoin collateral.

• Announced on October 28, 2025, the program runs until October 28, 2026, with shares repurchased on the Tokyo Stock Exchange, leading to a 2.25% stock price increase.

Discover how Metaplanet’s share buyback strategy leverages Bitcoin holdings for capital efficiency. Explore the details and implications for crypto treasury firms today.

What is Metaplanet’s share buyback program?

Metaplanet’s share buyback program is a strategic initiative approved by the company’s board on October 28, 2025, designed to repurchase up to 150 million common shares, or about 13.13% of its total issued shares. This move addresses a recent decline in the firm’s market-based net asset value amid Bitcoin price fluctuations, aiming to enhance shareholder value and optimize Bitcoin yield. By utilizing a $500 million credit facility collateralized by its substantial Bitcoin reserves, Metaplanet seeks to improve capital efficiency and support long-term growth objectives.

How does Metaplanet plan to fund and execute the buyback?

Metaplanet, the Tokyo-based Bitcoin treasury company, will fund the buyback through a newly approved credit facility of $500 million (approximately ¥76.4 billion), secured against its Bitcoin holdings. This flexible financing allows the firm to borrow at favorable terms without liquidating assets, enabling purchases of up to 150 million shares over the next year. The program, effective from October 29, 2025, to October 28, 2026, will be executed via discretionary trading on the Tokyo Stock Exchange, ensuring compliance with market regulations and transparency for investors.

According to data from Yahoo Finance, Metaplanet’s stock (ticker: 3350.T) closed at ¥499 on October 28, 2025, marking a 2.25% increase from the previous day, reflecting positive market sentiment toward the announcement. President Simon Gerovich emphasized the alignment with the company’s Bitcoin strategy, stating, “This repurchase program enhances capital efficiency and maximizes BTC Yield, while the credit facility provides the flexibility needed for strategic capital allocation.”

Experts in corporate finance note that such programs are increasingly common among firms with significant cryptocurrency exposure, as they signal confidence in underlying assets. For instance, financial analysts from Bloomberg have highlighted similar strategies by other public companies to stabilize share prices during volatile periods in digital asset markets. Metaplanet’s approach not only rebuilds investor trust but also positions the company for potential future equity offerings by demonstrating prudent financial management.

The initiative builds on Metaplanet’s Bitcoin accumulation efforts that began in April 2025, transforming the firm into a major player in corporate crypto adoption. With 30,823 BTC in its treasury—valued at approximately $3.5 billion at current prices—the company now stands as the fourth-largest listed Bitcoin holder worldwide and the top in Asia, according to BitcoinTreasuries.net. This scale underscores the strategic importance of the buyback in maintaining balance between volatile crypto assets and traditional market valuations.

Frequently Asked Questions

What prompted Metaplanet to initiate the share buyback?

Metaplanet launched the share buyback after its market-based net asset value declined due to Bitcoin price volatility, aiming to restore investor confidence and align its treasury strategy with financial stability goals. The board’s decision, made on October 28, 2025, supports ongoing efforts to maximize Bitcoin yield since the company’s pivot to crypto in April 2025.

Why is Metaplanet using Bitcoin as collateral for the credit facility?

By using Bitcoin as collateral for the $500 million credit line, Metaplanet avoids selling its holdings during market dips, preserving long-term value while accessing liquidity for the buyback and growth initiatives. This method, as explained by President Simon Gerovich, enables flexible execution of capital allocation strategies in a dynamic crypto environment.

Key Takeaways

• Strategic Repurchase Scale: Metaplanet’s plan to buy back 13.13% of its shares with ¥75 billion demonstrates a bold commitment to enhancing shareholder equity amid crypto market challenges.
• Bitcoin Integration: The credit facility backed by 30,823 BTC highlights innovative use of digital assets for traditional financing, potentially setting a precedent for other firms.
• Market Impact: Positive stock reaction with a 2.25% gain on announcement day signals growing investor appetite for crypto-tied corporate strategies; monitor for broader adoption trends.

Conclusion

Metaplanet’s share buyback program and associated credit facility represent a pivotal step in integrating Bitcoin holdings into robust financial planning, addressing recent market value drops while reinforcing its position as Asia’s largest listed BTC holder. As corporate adoption of cryptocurrencies evolves, this initiative could inspire similar moves globally, fostering greater stability in the sector. Investors should watch how Metaplanet executes this strategy over the coming year to gauge its impact on Bitcoin treasury management and overall market dynamics.

Metaplanet starts a share buyback after its market value drops, aiming to balance its Bitcoin holdings with overall financial stability.

Metaplanet, a Tokyo-based Bitcoin treasury company, has announced a buyback of its own shares after a board meeting on October 28, 2025. The move comes as the company works to rebuild investor confidence, after its market-based net asset value (mNAV) dropped recently following Bitcoin (BTC) price swings. This step is part of Metaplanet’s ongoing Bitcoin strategy that started earlier this year in April.

Metaplanet now ranks among the biggest companies in the world holding Bitcoin, with 30,823 BTC valued at around $3.5 billion. According to the BitcoinTreasuries.net, it now ranks as the fourth-largest listed Bitcoin holder worldwide and the biggest in Asia. The company’s decision to buy back its shares comes as part of its broader plan to maximize BTC yield and enhance capital efficiency.

Board approval and strategy alignment

Metaplanet’s President Simon Gerovich announced the new initiative on X, stating, “Metaplanet has established a share repurchase program to enhance capital efficiency and maximize BTC Yield. The Board also approved a credit facility to enable flexible execution as part of the company’s capital allocation strategy.”

The board has approved a $500 million (¥76.4 billion) credit line backed by Metaplanet’s Bitcoin holdings to fund the buyback. This means the company can borrow money using its Bitcoin as collateral and use it for new investments, business growth, or more share purchases. Additionally, Metaplanet stated that this action will support its long-term financial goals and prepare the ground for potential future share offers.

Repurchase details and market reaction

Metaplanet also plans to repurchase up to 150 million common shares, about 13.13% of its total issued shares. The company has allocated approximately ¥75 billion ($500 million) for this initiative, which will run from October 29, 2025, to October 28, 2026. All purchases will occur on the Tokyo Stock Exchange under a discretionary trading agreement.

As of October 28, Metaplanet had a total of 1.14 billion shares in circulation, not counting the 25,939 shares it already holds in treasury. Yahoo Finance data shows Metaplanet’s stock (3350.T) closed at ¥499, up ¥11 or 2.25%, showing that investors reacted positively to the news.

Metaplanet’s move shows companies starting to use Bitcoin in smarter financial ways. It could inspire more firms to blend crypto assets with their regular business and investment strategies.

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