Metaplanet Announces $500M Bitcoin-Backed Share Buyback Covering 13% of Stock
October 28, 2025
Metaplanet (3350), Asia’s largest publicly traded Bitcoin (BTC) holding company, unveiled a 13% share repurchase program on Tuesday aimed at strengthening shareholder value and improving capital utilization amid a period of elevated market volatility.
The Tokyo-based firm said it will buy back up to 150 million common shares, targeting periods when its market capitalization trades below 1.0x net asset value (NAV). The company said the move is designed to enhance BTC yield per share, ensuring the stock price more accurately reflects the underlying value of its Bitcoin reserves.
To support the initiative, Metaplanet has arranged a $500 million credit facility collateralized by its Bitcoin holdings, which can be used for share repurchases, additional Bitcoin accumulation, or other investment activities. The program is set to run from October 29, 2025, through October 28, 2026.
Metaplanet currently holds 30,823 BTC, valued at roughly $3.5 billion, solidifying its position as the region’s leading corporate Bitcoin holder. The company reiterated its long-term goal of acquiring 210,000 BTC by the end of 2027, despite short-term price fluctuations and shifts in market sentiment.
“We recognize that our current valuation does not fully capture the company’s intrinsic worth,” Metaplanet said in a statement. “Amid increased market volatility and a decline in our mNAV ratio, this repurchase reflects our confidence in long-term growth and our commitment to shareholder value.”
The program represents 13.13% of outstanding shares (excluding treasury stock), totaling approximately ¥75 billion (around $495 million) in potential buybacks.
Following the announcement, Metaplanet shares gained 2% to 499 yen, as investors responded positively to the company’s ongoing Bitcoin-focused strategy and capital optimization efforts.
