Key Takeaways

What is the share repurchase program designed to do?

It aims to improve capital efficiency and help ensure the stock price reflects the company’s true asset value, especially its Bitcoin holdings.

How many shares does Metaplanet plan to repurchase?

The company plans to repurchase up to 150 million shares by 29th October 2026.

Metaplanet, now recognized as the fourth-largest public holder of Bitcoin [BTC], is moving aggressively to reshape its financial strategy.

Metaplanet’s stock surged

On the 28th of October, the firm announced a major strategic shift. It unveiled a new capital allocation framework, introduced a share buyback program, and secured a $500 million credit facility.

Together, these moves have significantly boosted investor sentiment, signaling confidence and long-term commitment.

After the announcement, the company’s stock surged more than 10%, lifting its weekly gains to over 25%.

In fact, at press time, stocks were up 2.25% and were changing hands at ¥499, according to Google Finance.

Yet, beneath the short-term rally lies a more complex picture.

Metaplanet’s stock remains 73% below its 16th June peak of ¥1,895, despite being 43.4% higher year-to-date.

Metaplanet’s new adjusted net asset value

Meanwhile, the firm’s market-adjusted net asset value (mNAV), which hit 10.33x in February, has climbed back from its October lows, and was standing at 1.03x as of writing.

The market seems to be responding, but the real question is whether this shift signals a sustained turnaround or another short-lived surge.

Thus, by launching a share repurchase program, the firm aims to restore capital

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Author: Ishika Kumari