Metaplanet, Asia’s largest publicly listed bitcoin-holding company, has unveiled a $500 million share buyback program to boost its BTC Yield and capitalize on what it views as an undervalued stock price.
The Tokyo-based firm plans to repurchase up to 150 million common shares — roughly 13.13% of its total — through October 28, 2026. The program will be funded via a $500 million credit line secured by bitcoin, which may also be used for additional BTC purchases or strategic investments.
Metaplanet currently holds 30,823 BTC valued at approximately $3.5 billion and targets 210,000 BTC by 2027. The company said market volatility and a dip in its market-to-net-asset-value ratio prompted the move, as its stock price “does not reflect intrinsic value.”
The program aims to enhance shareholder value and reinforce Metaplanet’s long-term commitment to bitcoin accumulation as its central treasury strategy.
You need to login in order to Like
Leave a comment