Bitcoin News Today: Metaplanet's Share Buyback Aims to Bridge Stock-Price and Bitcoin-Value Gap

Generated by AI AgentCoin WorldReviewed byTianhao Xu
Tuesday, Oct 28, 2025 11:12 pm ET1min read
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- Metaplanet Inc. will hold a shareholder meeting on Dec 22, 2025, to address its mNAV ratio drop below 1.0x.

- The company authorized a ¥75B share buyback (13.13% of shares) funded by a $500M loan secured against 30,823 BTC ($3.5B).

- New capital policies prioritize buybacks when shares trade below intrinsic value and issue perpetual preferred shares for BTC purchases.

- Shares rose 2.3% after the announcement, following a 74% decline from June highs, as the firm aims to accumulate 210,000 BTC by 2027.

Metaplanet Inc. (TYO: 3350, OTCQX: MTPLF) has announced plans to hold an extraordinary shareholders' meeting on December 22, 2025, as part of its broader strategy to address a recent decline in its market-to-net-asset-value (mNAV) ratio and strengthen its position as Asia's largest listed

Bitcoin
treasury. The meeting will be based on a shareholding record date of October 31, with October 29 marked as the final trading day for shares with attached voting rights, according to a
Lookonchain report
.

The move comes amid a series of aggressive capital management initiatives aimed at closing the gap between the company's stock price and the value of its Bitcoin holdings. Metaplanet has authorized a ¥75 billion ($500 million) share repurchase program, representing up to 13.13% of its total outstanding shares, to be executed through October 28, 2026, according to

a Coinpedia article
. The buyback is funded by a $500 million credit facility secured against its Bitcoin reserves, which currently stand at 30,823 BTC valued at $3.5 billion, according to
a CryptoNews report
. The company's mNAV, a metric comparing enterprise value to the market value of its Bitcoin holdings, recently dipped below 1.0x, prompting the action, according to
a Yahoo Finance report
.

The board has also formalized a new Capital Allocation Policy to govern future financing and shareholder returns. Key provisions include halting common-share issuances when mNAV falls below 1.0x and prioritizing share repurchases when the stock trades below intrinsic value. Additionally, Metaplanet will issue perpetual preferred shares to fund further Bitcoin purchases, aiming to enhance BTC Yield—defined as the growth rate of Bitcoin per diluted share—while managing refinancing risks. These measures follow a 74% decline in TYO:3350 shares in yen terms from their June 16 highs.

The company's stock has responded positively to the announcements, rising 2.3% to 499 yen on the day of the buyback disclosure, as noted in

a Coinpedia report
. Metaplanet's long-term goal remains to accumulate 210,000 BTC (1% of the eventual 21 million Bitcoin supply) by 2027, a target that underscores its commitment to leveraging digital assets as a core growth driver.