Metaplanet, a Tokyo-based Bitcoin treasury company, has announced a buyback of its own shares following a board meeting on October 28, 2025. This initiative aims to rebuild investor confidence after the company's market-based net asset value (mNAV) experienced recent fluctuations due to Bitcoin (BTC) price volatility. This share repurchase program is a continuation of Metaplanet's strategic Bitcoin integration, which began in April of this year.
Currently, Metaplanet is recognized as one of the world's largest corporate holders of Bitcoin, possessing 30,823 BTC valued at approximately $3.5 billion. According to BitcoinTreasuries.net, the company holds the position of the fourth-largest listed Bitcoin holder globally and is the largest in Asia. The decision to implement a share buyback is a key component of Metaplanet's overarching strategy to optimize its Bitcoin yield and improve overall capital efficiency.
Board Approval and Strategic Alignment
Simon Gerovich, President of Metaplanet, shared the details of this new initiative via X. He stated, "Metaplanet has established a share repurchase program to enhance capital efficiency and maximize BTC Yield. The Board also approved a credit facility to enable flexible execution as part of the company’s capital allocation strategy."
Metaplanet has established a share repurchase program to enhance capital efficiency and maximize BTC Yield. The Board also approved a credit facility to enable flexible execution as part of the company’s capital allocation strategy. https://t.co/zucPBrIqOQ
— Simon Gerovich (@gerovich) October 28, 2025
To finance the buyback, the board has authorized a credit line of $500 million (equivalent to ¥76.4 billion), secured against Metaplanet's Bitcoin holdings. This facility provides the company with the flexibility to borrow funds using its Bitcoin as collateral, which can then be utilized for new investments, business expansion initiatives, or further share repurchases. Metaplanet has indicated that this strategic move will contribute to achieving its long-term financial objectives and lay the groundwork for potential future share offerings.
Repurchase Details and Market Reaction
Metaplanet intends to repurchase up to 150 million common shares, representing approximately 13.13% of its total issued shares. The company has earmarked roughly ¥75 billion (approximately $500 million) for this buyback program, which is scheduled to commence on October 29, 2025, and conclude on October 28, 2026. All share purchases will be conducted on the Tokyo Stock Exchange under a discretionary trading arrangement.
As of October 28, Metaplanet had 1.14 billion shares outstanding, excluding the 25,939 shares currently held in its treasury. Data from Yahoo Finance indicates that Metaplanet's stock, trading under the ticker 3350.T, closed at ¥499 on October 28, marking an increase of ¥11 or 2.25%. This positive market reaction suggests that investors responded favorably to the news of the share buyback and the company's strategic direction.
Metaplanet's proactive approach highlights a growing trend among companies to leverage Bitcoin in sophisticated financial strategies. This move could serve as an influential precedent, encouraging other corporations to integrate cryptocurrency assets more effectively into their conventional business operations and investment frameworks.