Metaplanet Surges 10% with $500M Buyback and 10,000 BTC Milestone

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• Metaplanet’s stock jumps 10% after unveiling share buyback and $500M credit facility.
  
• Company hits 10,000 BTC milestone, surpassing Coinbase in holdings.
  
• Success depends on balancing growth, volatility, and capital discipline.

Metaplanet, now the fourth-largest public holder of Bitcoin (BTC), made waves on October 28 by unveiling a sweeping financial strategy. The company introduced a new capital allocation framework, launched a share buyback program, and secured a $500 million credit facility. The market reacted swiftly—its stock jumped over 10% on the day, pushing weekly gains beyond 25%. At press time, shares traded at ¥499, signaling renewed investor optimism.

Despite the rally, the stock still sits 73% below its June peak of ¥1,895. Year-to-date, it remains up 43.4%, highlighting both the potential and the volatility facing Metaplanet.

Adjusted net asset value climbs

Metaplanet’s market-adjusted net asset value (mNAV) has rebounded from recent lows, reaching 1.03x as of writing. Analysts suggest that the share repurchase initiative is aimed at boosting capital efficiency and aligning the stock price more closely with the intrinsic value of the company’s BTC holdings. CEO Simon Gerovich explained that up to 150 million shares could be repurchased by October 2026, backed by the new $500 million credit facility.

“This plan is designed to improve capital efficiency and enhance our Bitcoin yield,” Gerovich noted. The firm could also use the facility to acquire more Bitcoin or expand its crypto income operations, depending on market conditions.

Bitcoin milestone and market outlook

Metaplanet recently hit a major milestone, holding 10,000 BTC—surpassing Coinbase and cementing its Bitcoin-first treasury strategy. This positions the company for ambitious accumulation targets through 2026.

Also Read: Metaplanet Stock Jumps 25% Following $500M Credit Facility and Share Buyback Plan

However, analysts caution that sustained success requires maintaining a valuation premium. If mNAV dips too close to parity, new share issuances could dilute shareholder value rather than strengthen it. For now, investor confidence remains strong, but Metaplanet’s long-term trajectory will hinge on managing volatility, capital discipline, and growth in its Bitcoin holdings.

Metaplanet’s strategic overhaul is more than a short-term stock boost—it signals a serious commitment to maximizing Bitcoin returns and market confidence. While challenges remain, the company’s bold moves may redefine its position as a major player in crypto treasury management.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.