Metaplanet Initiates 13% Share Buyback Program With $500M Credit Facility

Core Viewpoint - Metaplanet plans to repurchase up to 150 million common shares to enhance capital efficiency and maximize its BTC Yield when its market valuation is below 1.0x of its net asset value [1][3]. Group 1: Share Repurchase Program - The share repurchase program will account for approximately 13.13% of total shares (excluding treasury shares), with a total allocation of around 75 billion yen (approximately $495 million) [3]. - The program is set to run from Wednesday until October 28, 2026 [2]. Group 2: Bitcoin Holdings and Financial Strategy - Metaplanet currently holds 30,823 BTC valued at about $3.5 billion [2]. - The company has established a credit facility of up to $500 million secured by bitcoin to fund share purchases, acquire more bitcoin, or for other investments [2]. - The company aims to acquire a total of 210,000 BTC by the end of 2027, despite current market volatility affecting its stock price [3]. Group 3: Market Reaction - Following the announcement, Metaplanet shares increased by 2% to 499 yen [4].