🤑 Metaplanet’s ¥75B Buyback: Japan’s MicroStrategy Goes Full Twain-Style Crazy! 🚀

by

Well, butter my biscuit and call me a Bitcoin bull-Metaplanet, the land of the rising sun’s answer to MicroStrategy, has decided to throw a ¥75 billion party, and guess who’s on the guest list? Their own shares, of course! 🥳 That’s right, folks, they’re buying back stock like it’s going out of style, all to “strengthen their Bitcoin strategy.” Because nothing says “financial genius” like spending billions to prop up your own value. 🤓

Now, this little shindig comes hot on the heels of a mNAV dip that had investors clutching their pearls. But fear not, dear readers, for Metaplanet has a plan: maximize BTC yield, boost capital efficiency, and throw in a credit facility for good measure. Because when in doubt, just add more debt. 🤑 Simon Gerovich, the brains behind this operation, tweeted:

Metaplanet has established a share repurchase program to enhance capital efficiency and maximize BTC Yield. The Board also approved a credit facility to enable flexible execution as part of the company’s capital allocation strategy.

– Simon Gerovich (@gerovich) October 28, 2025

Why Metaplanet Is Buying Back Its Own Shares (Or: How to Look Busy When the Market’s Moody)

According to their latest disclosure, Metaplanet’s stock is as undervalued as a Twain novel at a grammar convention. Their mNAV (that’s market Net Asset Value, for the uninitiated) took a nosedive, making their shares look like a bargain-basement deal. So, what’s a company to do? Launch a capital management plan, of course, because nothing screams “we’ve got this” like a good old-fashioned buyback. 💼

Their stock is currently trading at 499 JPY, up 2.5% in a day and 18% in five days. That’s like a cat landing on its feet-impressive, but let’s not forget it fell off the couch first. Their mNAV has also clawed its way back to 1.03, which is… something. 🧐

The buyback program will scoop up 150 million shares, or about 13.13% of the total outstanding shares (treasury shares not included). It’ll run from October 29, 2025, to October 28, 2026, with purchases happening on the Tokyo Stock Exchange. Because nothing says “commitment” like a year-long shopping spree. 🛍️

$500M Credit Line: Because Why Not Add More Fuel to the Fire?

In a move that screams “we’re not done yet,” Metaplanet’s board approved a $500 million credit line. That’s right, they’re using their Bitcoin holdings as collateral to secure funds. Because when you’re all-in on crypto, why not double down with debt? 🪙 These funds could be used for more Bitcoin, investments in their Bitcoin Income business, or-you guessed it-more share buybacks. It’s like a financial infinity mirror, folks. 🔁

This credit line is also supposed to be a bridge to their planned issuance of preference shares. Because nothing says “long-term strategy” like juggling debt and equity like a circus performer. 🎪

Metaplanet’s Capital Allocation Policy: A Three-Ring Circus of Financial Juggling

Metaplanet has also unveiled a new Capital Allocation Policy, guided by three principles that sound like they were written by a financial philosopher. They plan to use preferred shares to boost BTC yield and long-term value, avoid new issuances when mNAV is below 1.0x, and only pursue them when conditions are just right. And if mNAV dips below 1.0x? Share buybacks, baby! Because nothing fixes undervaluation like buying your own stock. 🛒

Funding for these buybacks could come from cash reserves, preferred share issuances, credit facilities, or their Bitcoin-related business income. It’s like a financial buffet-a little bit of everything. 🍱

Since April 2025, Metaplanet has expanded its Bitcoin Treasury Strategy, holding 30,823 BTC. That makes them the fourth-largest public Bitcoin holder globally and the biggest in Asia. Not too shabby for a company that just had a setback. 🏆 They’re also aiming to acquire 210,000 BTC by the end of 2027. Because if you’re going to dream, dream big. 🌙

So, despite what looks like a stumble, Metaplanet is doubling down on Bitcoin’s long-term potential. Whether this is genius or madness remains to be seen. But one thing’s for sure: it’s going to be one heck of a ride. 🚂💨

Read More

2025-10-28 14:13