Metaplanet, a leading Bitcoin treasury company based in Tokyo, has announced a share buyback program following a significant dip in its market-based net asset value (mNAV). The move comes amidst volatility in the crypto market and aims to rebuild investor confidence. This strategic decision aligns with Metaplanet’s broader long-term Bitcoin strategy implemented earlier this year. 30,823 BTC worth approximately $3.5 billion make Metaplanet one of the world’s biggest Bitcoin holders, further solidifying its position as a frontrunner in the sector. The company plans to repurchase up to 150 million shares, representing about 13.13% of its total outstanding shares, using a $500 million credit line backed by its Bitcoin holdings. This move will enhance capital efficiency and optimize BTC yield.