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Metaplanet says buyback aims to lift Bitcoin per share after $160m repurchase

The Tokyo-listed Bitcoin treasury company bought back 96.4 million shares between 14 and 31 October, using about 48% of its authorised programme, while keeping $212m available for Bitcoin purchases.

Why it matters: Metaplanet's buyback shows a Bitcoin treasury company weighing its own shares against more BTC, shifting the focus to Bitcoin per share rather than total holdings.

InvestIn.News NewsDesk · 1 min read
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Picture from Bitcoin.com News for: Metaplanet says buyback aims to lift Bitcoin per share after $160m repurchase
Image: Bitcoin.com News
Original reporting: Emmanuel Musa, Bitcoin.com News

Key points

  • Metaplanet repurchased 96,447,400 shares for about $160m (¥25.27bn) on the Tokyo Stock Exchange between 14 and 31 October.
  • The buyback covers roughly 7.1% of issued shares and about 48% of the 200 million shares authorised, with the programme running to 13 October 2027.
  • After redeeming $50.7m of bonds early, the company says about $212m is available for Bitcoin purchases.

Metaplanet has completed nearly half of its authorised share buyback, repurchasing 96.4 million shares for about $160m as the Bitcoin treasury company looks to lift Bitcoin per share. The Tokyo-listed firm bought 96,447,400 shares on the Tokyo Stock Exchange between 14 and 31 October, according to Bitcoin.com News.

The repurchase represents roughly 7.1% of issued shares and about 48% of the 200 million shares permitted under the current programme, which allows up to $380m (¥60bn) of purchases through 13 October 2027. The company has used about 42% of the maximum spending allowance. As of 31 October it reported 1.268 billion issued common shares excluding treasury stock and about 96.47 million treasury shares.

Bitcoin capacity kept

CEO Simon Gerovich said the firm would keep allocating capital with discipline, weighing share price, mNAV and market conditions, with the goal of maximising Bitcoin per share. Buying back stock reduces the denominator in that calculation without requiring another Bitcoin purchase, giving Metaplanet a lever beyond issuing securities and accumulating crypto.

The company has also kept its Bitcoin acquisition capacity intact. It redeemed $50.7m (¥8bn) of bonds ahead of schedule using cash, leaving about $212m (¥33.422bn) available for Bitcoin purchases. That lets Metaplanet buy Bitcoin when it sees the better opportunity, or its own shares when the equity looks attractively valued.

What to watch: The buyback programme runs until 13 October 2027, with up to $380m authorised in total.

Read the full story on Bitcoin.com News

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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