• Metaplanet holds 30,823 BTC valued at about $3.5 billion
• The company’s goal is to repurchase up to 150 million shares, which equates to roughly 13% of its outstanding equity
• Metaplanet stated this action is a direct answer to its stock consistently trading for less than the value of its Bitcoin holdings

Metaplanet, a company known for corporate Bitcoin accumulation, has approved a 75 billion yen (around $500 million) share buyback program over the next 12 months. This aggressive move directly targets the persistent discount between the company’s stock market valuation and the Net Asset Value (NAV) derived from its massive Bitcoin treasury, currently holding 30,823 BTC worth roughly $3.5 billion.

The company plans to repurchase up to 150 million shares, which equates to roughly 13% of its outstanding equity.

Metaplanet stated this action is a direct answer to i…

Read The Full Article Metaplanet Approves $500M Buyback to Narrow Its Bitcoin NAV Discount On Coin Edition.

• Metaplanet holds 30,823 BTC valued at about $3.5 billion
• The company’s goal is to repurchase up to 150 million shares, which equates to roughly 13% of its outstanding equity
• Metaplanet stated this action is a direct answer to its stock consistently trading for less than the value of its Bitcoin holdings

Metaplanet, a company known for corporate Bitcoin accumulation, has approved a 75 billion yen (around $500 million) share buyback program over the next 12 months. This aggressive move directly targets the persistent discount between the company’s stock market valuation and the Net Asset Value (NAV) derived from its massive Bitcoin treasury, currently holding 30,823 BTC worth roughly $3.5 billion.

The company plans to repurchase up to 150 million shares, which equates to roughly 13% of its outstanding equity.

Metaplanet stated this action is a direct answer to i…

Read The Full Article Metaplanet Approves $500M Buyback to Narrow Its Bitcoin NAV Discount On Coin Edition.