Metaplanet Announces 150 Million Share Buyback Amid Stock Volatility

Metaplanet Stock Volatility and Strategic Moves

Metaplanet stock increased by 10% on Oct. 28 to 540 JPY after announcing a 150 million share buyback program, but it later retraced to find support at 500 JPY.
The stock has been under bearish pressure, trading at a 70% discount from its 2025 high of 1900 JPY, despite reaching the milestone of 30,000 Bitcoin holdings earlier in October.
CEO Simon Gerovich stated that the share repurchase aims to improve capital efficiency and maximize Bitcoin yield. The company also approved a new credit facility for flexible capital allocation.
Bitcoin strategist Dylan LeClair noted that Metaplanet secured a credit facility of up to $500 million for strategic use.
Market analyst Adam Livingston highlighted Metaplanet's focus on a Bitcoin-centered treasury plan, including issuing preferred stock to fund additional Bitcoin purchases.
The company will issue common stock only when market net asset value (mNAV) is 1.0x or higher, with a share buyback mechanism for values below 1.0x to enhance Bitcoin holdings per share.
The strategic moves aim to counteract selling pressure and align the share price with the company's Bitcoin accumulation target.