Metaplanet has announced an MTPLF stock buyback program, authorizing the repurchase of up to 150 million shares. This move comes as a sign of confidence from management despite recent volatility and criticism of their investment strategy. The buyback signals that Metaplanet believes its stock is undervalued in the current market environment. The company’s decision to utilize both the buyback program and a credit facility worth up to $500 million demonstrates a commitment to capital efficiency, particularly in light of market uncertainties. 13% of shares (worth around ¥75 billion) are set for repurchase, showcasing Metaplanet’s belief in its own business model. Analysts believe this signals their faith in the long-term power of their Bitcoin and Japanese regulatory-friendly framework.