Metaplanet Stock Soars 10% on Share Repurchase & Capital Allocation Policy

Metaplanet, the fourth-largest Bitcoin treasury, announced a new capital allocation policy alongside a share repurchase program and a $500 million credit facility. This strategic initiative led to a dramatic surge in Metaplanet’s stock price, exceeding 10% within hours. The company has witnessed over a 25% rise in its stock value this week, fueled by the positive news surrounding these measures.