Metaplanet Boosts Per-Share Value with $500 Million Share Buyback Program

Tokyo-based Metaplanet has announced a strategic initiative to enhance shareholder value through a share buyback program. The program will be activated when the market price dips below the company’s net asset value, optimizing its capital structure. The repurchase of up to 150 million shares, financed by a substantial $500 million loan secured by Metaplanet’s Bitcoin holdings, aims to correct perceived undervaluation in the crypto market. 30,823 BTC currently valued at $3.5 billion will be used for this purpose. Management believes this move addresses the disconnect between market value and underlying worth.