Metaplanet to Repurchase 13% of Its Shares Using $500 Million Credit Facility

Metaplanet Launches $500 Million Bitcoin-Backed Share Repurchase Program
October 28, 2025

Metaplanet (3350), Asia’s largest publicly listed Bitcoin (BTC) holding company, announced a major 13% stock buyback initiative to enhance shareholder returns and improve capital efficiency as market volatility weighs on valuation.

The Tokyo-based firm said it will repurchase up to 150 million common shares, primarily when its market value trades below 1.0x net asset value (NAV). The move aims to boost BTC yield per share and align its stock performance more closely with the company’s underlying Bitcoin holdings.

To finance the initiative, Metaplanet secured a $500 million credit facility backed by its Bitcoin reserves, which can be deployed for share repurchases, additional BTC acquisitions, or other investment opportunities. The buyback program will run from October 29, 2025, to October 28, 2026.

Metaplanet currently holds 30,823 BTC, valued at approximately $3.5 billion, reinforcing its position as the largest corporate Bitcoin holder in Asia. Despite recent market fluctuations, the company reaffirmed its long-term target of acquiring 210,000 BTC by the end of 2027.

“Increased market volatility and a drop in our mNAV multiple have caused our share price to diverge from intrinsic value,” Metaplanet said. “This buyback program reflects our confidence in the company’s long-term strength and Bitcoin-centric strategy.”

The program represents 13.13% of Metaplanet’s outstanding shares (excluding treasury stock), with an estimated total allocation of ¥75 billion (about $495 million).

Following the announcement, Metaplanet shares rose 2% to 499 yen, as investors welcomed the firm’s commitment to capital efficiency and its continued accumulation of Bitcoin assets.