Metaplanet Targets 1% of Bitcoin Supply with Massive $500M Buyback

TLDR

• Metaplanet has approved a $500 million share buyback program to enhance its Bitcoin-focused capital strategy.
• The company plans to repurchase up to 150 million shares, approximately 13.1% of its outstanding stock.
• The buyback will take place between October 29, 2025, and October 28, 2026, on the Tokyo Stock Exchange.
• Metaplanet will use a $500 million credit facility backed by its Bitcoin reserves to fund the buyback.
• The program aligns with Metaplanet’s goal of acquiring 1% of total Bitcoin supply by 2027.

Metaplanet has announced a $500 million share buyback program to boost its Bitcoin-focused capital strategy. The company will repurchase up to 150 million shares, about 13.1% of its outstanding stock. This move aims to increase capital efficiency and raise the company’s Bitcoin Yield.

Metaplanet Sets Share Repurchase Plan for 2026

Metaplanet’s board approved the buyback plan on October 28, 2025. The company will repurchase shares on the Tokyo Stock Exchange between October 29, 2025, and October 28, 2026. The initiative aims to improve shareholder value by using a $500 million credit facility secured by Bitcoin reserves.

The repurchase program will take place under a discretionary trading agreement. The program is part of Metaplanet’s broader goal of acquiring 210,000 BTC, or 1% of total Bitcoin supply, by 2027. This strategy will help the company increase its BTC Yield, a measure of Bitcoin per share.

Funding the Buyback Program

Metaplanet will fund the buyback using a $500 million credit facility, backed by its Bitcoin reserves. The same facility can also support additional Bitcoin purchases or investments in Bitcoin-backed income streams. Metaplanet aims to optimize its capital allocation by leveraging this facility.

The company’s decision aligns with its disciplined treasury strategy. It also responds to market conditions where Metaplanet’s multiple-to-net-asset-value ratio fell below 1.0x. Analysts believe this move will reduce short-selling pressure and reinforce intrinsic value.

Metaplanet’s share repurchase initiative shows its commitment to enhancing long-term shareholder value. By increasing its Bitcoin holdings, Metaplanet strengthens its position as the largest Bitcoin holder in Asia and the fourth-largest globally.

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