Summary
- MetaPlanet said it has launched a share repurchase program equivalent to 13% of its total shares.
- The company said it plans to use the $500 million credit facility secured with Bitcoin for share repurchases and additional Bitcoin purchases.
- It said the move aims to enhance shareholder value and increase the Bitcoin yield (BTC Yield).
MetaPlanet, the largest publicly listed holder of Bitcoin (BTC) in Asia, has initiated a share repurchase program equivalent to 13% of its total shares. The company has secured a $500 million credit facility backed by Bitcoin to be used for share repurchases and additional Bitcoin purchases.
According to CoinDesk on the 28th (local time), MetaPlanet has begun the share repurchase program. Through this program, MetaPlanet may acquire up to 150,000,000 shares, which represents 13.13% of the total issued shares (excluding treasury shares). The repurchase period runs until October 28, 2026.
The company said the program aims to enhance shareholder value and improve capital efficiency. It also explained the measure is intended to raise the per-share Bitcoin yield (BTC Yield), noting that recent market volatility and a decline in market capitalization relative to corporate value have prevented the stock price from fully reflecting intrinsic value.
MetaPlanet currently holds approximately 30,823 Bitcoin, valued at about $3.5 billion. The company said it will use the financing to accelerate Bitcoin purchases and maintain its long-term goal of securing a total of 210,000 BTC by 2027.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
