According to PANews, Japanese Bitcoin treasury company Metaplanet has announced the establishment of a stock buyback plan following a board meeting on October 28, 2025. The decision comes as the company recognizes that its current stock price does not adequately reflect its intrinsic economic value due to increased market volatility and a decline in mNAV.
The buyback plan is part of Metaplanet's prudent capital allocation policy, aiming to maximize Bitcoin yield and enhance capital efficiency. It is particularly effective when mNAV is below 1.0 times. To facilitate the flexible execution of the buyback plan, the board has approved a credit arrangement with a maximum borrowing capacity of $500 million (approximately 76.4 billion yen). The company can swiftly execute borrowings secured by Bitcoin at its discretion.
The funds raised may be used for further Bitcoin acquisitions, investments in Bitcoin yield businesses, or stock repurchases. Additionally, this arrangement is part of the company's broader financial strategy and is expected to serve as transitional financing for future preferred stock issuance.
Catherine
