Metaplanet launches stock buyback plan! Mortgage Bitcoin to obtain 500 million magnesium loan, stock price rebounded 18% in the past 5 days

"Japan Micro Strategy" Metaplanet offered $500 million in Bitcoin-secured credit and launched a large-scale stock buyback plan in an attempt to save mNAV from falling below 1 and reshape shareholder value and Bitcoin return per share.
(Preliminary summary: Japanese micro-strategy Metaplanet's "mNAV ratio fell below 1 for the first time"! Analyst: The digital asset treasury bubble burst)
(Background supplement: After Metaplanet's stock price halved, will the Japanese micro-strategy's Bitcoin reserve plan continue?)

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A Bitcoin reserve company known as "Japanese micro-strategy" Metaplanet announced today (28th) that it will launch a large-scale stock repurchase plan, with the goal of increasing shareholder value, optimizing capital efficiency, and maximizing Bitcoin yield per share (BTC Yield). Market interpretation believes that this move is an active counterattack strategy launched by Metaplanet in response to its market capitalization to net asset value ratio (mNAV) which fell below 1 recently.

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. https://t.co/zucPBrIqOQ

— Simon Gerovich (@gerovich) October 28, 2025

Key details of the buyback plan: Mortgage Bitcoin to obtain a $500 million loan

According to official documents, Metaplanet’s stock repurchase is capped at 150 million common shares, equivalent to 13.13% of the total issued shares (excluding treasury shares). The implementation time is from October 29, 2025 to October 28, 2026.

The most important thing is the source of funding. The repurchase funds come from a newly approved credit line of US$500 million (approximately 75 billion yen) approved by the board of directors, and will be guaranteed by the company’s Bitcoin holdings for a period of one year. In addition, in addition to being used for repurchases, this quota can also be flexibly diverted to additional Bitcoin purchases or related income-generating investments.

In addition, Metaplanet pointed out that when the market value is less than 1 times the net asset value, it will initiate a repurchase strategy to achieve the purpose of reducing the number of outstanding shares, increasing the number of Bitcoin holdings per share, and quickly regaining market confidence.

Metaplanet’s current holdings: Asia’s largest and fourth in the world

As of now, Metaplanet holds a total of 30,823 Bitcoins with a total value of approximately US$3.5 billion. It is the largest publicly listed Bitcoin holding company in Asia and ranks fourth in the world. Previous reports pointed out that Metaplanet’s mNAV once fell to 0.88, indicating that the market value of its stock price was seriously lower than the value of its Bitcoin assets, which became the main trigger for this repurchase.

Metaplanet stock price has recovered

According to Google Finance data, Metaplanet stock has recovered recently, with an increase of 18% in the past five days, and the market value has rebounded to 570 billion yen.