Metaplanet has revealed a major $500 million share repurchase program and revised capital allocation policy, with a strong focus on optimizing Bitcoin yield and enhancing shareholder value. The announcement, made on October 28, 2025, led to an immediate 10% surge in Metaplanet's stock price on the Tokyo Stock Exchange the following day, reflecting positive investor sentiment and increased trading volume.
The buyback initiative, approved by the board, allows for the repurchase of up to 150 million shares, representing approximately 13.1% of outstanding stock, and will be executed between October 29, 2025, and October 28, 2026. Funding for this program comes from a $500 million credit facility secured by Metaplanet's Bitcoin reserves, which can also support additional Bitcoin purchases or investments in Bitcoin-backed income streams.
This move is part of Metaplanet's broader goal to acquire 1% of the total Bitcoin supply, equivalent to 210,000 BTC, by 2027, aiming to increase its Bitcoin Yield—a metric measuring Bitcoin per share. CEO Simon Gerovich emphasized the strategy on Twitter, stating, "Metaplanet has implemented a stock repurchase plan to improve capital efficiency and maximize BTC returns." The company's disciplined capital allocation policy prioritizes using preferred and common shares to boost long-term corporate value and reinforce its position as the largest Bitcoin holder in Asia and fourth-largest globally.
Analysts note that this initiative could reduce short-selling pressure, strengthen intrinsic value, and influence Bitcoin market trends by signaling robust corporate adoption. Metaplanet's exclusive focus on Bitcoin, with no other cryptocurrencies involved, underscores a strategic commitment that may shape capital allocation trends in the sector.
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