Metaplanet, Asia’s largest public Bitcoin holder, has announced a massive ¥75.4 billion (approximately $500 million) share repurchase plan designed to strengthen its Bitcoin strategy and increase shareholder value. The Tokyo-based company revealed on October 28 that it will buy back up to 150 million shares, representing around 13.1% of its total float, over the next 12 months through the Tokyo Stock Exchange.
This strategic move aligns with Metaplanet’s goal of enhancing its “BTC Yield” — the amount of Bitcoin held per share — while offering investors greater exposure to Bitcoin’s upside.
Bitcoin-Backed Credit Facility to Fund Share Buyback
To finance the ambitious buyback, Metaplanet has secured a $500 million Bitcoin-backed credit facility. This gives the company flexibility to either repurchase shares or further expand its Bitcoin reserves, depending on market conditions.
Currently, Metaplanet holds 30,823 BTC, valued at roughly $3.5 billion, solidifying its position as Asia’s largest Bitcoin-holding company and the fourth-largest globally among public firms.
Strengthening Market Confidence and Long-Term Bitcoin Vision
Analysts believe the buyback program could reduce selling pressure and help lift Metaplanet’s valuation, particularly as its market capitalization has recently dipped below its net-asset multiple. The company’s long-term objective remains aggressive — to accumulate 210,000 BTC by 2027, equivalent to about 1% of Bitcoin’s total supply.
By integrating a Bitcoin-backed financing model with strategic share repurchases, Metaplanet continues to position itself as a pioneer in Bitcoin treasury management and a leading force in the digital asset economy.
