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Bitcoin News Update: Metaplanet Initiates Share Repurchase to Narrow Disparity Between Stock Price and Bitcoin Holdings

Bitcoin News Update: Metaplanet Initiates Share Repurchase to Narrow Disparity Between Stock Price and Bitcoin Holdings

Bitget-RWA2025/10/29 03:28
By:Bitget-RWA

- Metaplanet Inc. will hold a shareholder meeting on Dec 22, 2025, to address its mNAV ratio drop below 1.0x. - The company authorized a ¥75B share buyback (13.13% of shares) funded by a $500M loan secured against 30,823 BTC ($3.5B). - New capital policies prioritize buybacks when shares trade below intrinsic value and issue perpetual preferred shares for BTC purchases. - Shares rose 2.3% after the announcement, following a 74% decline from June highs, as the firm aims to accumulate 210,000 BTC by 2027.

Metaplanet Inc. (TYO: 3350, OTCQX: MTPLF) has revealed its intention to convene a special shareholders' meeting on December 22, 2025. This move is part of a larger effort to tackle the recent drop in its market-to-net-asset-value (mNAV) ratio and to reinforce its standing as the largest publicly traded

treasury in Asia. The meeting will use October 31 as the record date for shareholdings, while October 29 will be the last day shares can be traded with voting rights, as detailed in a .

This decision follows a series of bold capital management actions designed to narrow the gap between Metaplanet’s share price and the value of its Bitcoin assets. The company has approved a share buyback program worth ¥75 billion (approximately $500 million), which could account for up to 13.13% of its total shares outstanding, to be carried out until October 28, 2026, according to

. The repurchase will be financed through a $500 million credit line backed by its Bitcoin holdings, which currently total 30,823 BTC and are valued at $3.5 billion, as reported by . The company’s mNAV—a measure that compares enterprise value to the market value of its Bitcoin reserves—recently fell below 1.0x, which triggered this response, according to .

Bitcoin News Update: Metaplanet Initiates Share Repurchase to Narrow Disparity Between Stock Price and Bitcoin Holdings image 0

The board has also adopted a new Capital Allocation Policy to guide future funding and shareholder returns. Notable elements include suspending common stock issuance when mNAV is under 1.0x and giving priority to buybacks if shares are trading below their intrinsic value. Furthermore, Metaplanet plans to issue perpetual preferred shares to finance additional Bitcoin acquisitions, with the goal of boosting BTC Yield—defined as the rate at which Bitcoin per diluted share increases—while also managing refinancing risks. These steps come after TYO:3350 shares dropped 74% in yen from their June 16 peak.

Following these announcements, the company’s stock price climbed 2.3% to 499 yen on the day the buyback was made public, as mentioned in

. Metaplanet’s long-term objective is to amass 210,000 BTC—equivalent to 1% of the total 21 million Bitcoin supply—by 2027, highlighting its dedication to using digital assets as a primary engine for growth.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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