coinpaper.com
Metaplanet, one of the world’s largest corporate holders of Bitcoin, has announced a $500 million share buyback program as its stock continues to slide.
The move follows a sharp drop in the company’s market capitalization-to-net asset value (mNAV) ratio — a key metric that compares a firm’s market value to the worth of its cryptocurrency portfolio.
Metaplanet stock price on the Tokyo Stock Exchange, in yen. Source: TradingView.
Despite the turbulence, the company reaffirmed its ambitious plan to purchase 210,000 BTC by the end of 2027, a goal that would cement its position as Asia’s largest corporate Bitcoin holder.
By taking this aggressive step, Metaplanet appears determined to restore investor confidence and prove the sustainability of its Bitcoin-backed model — even as markets test the limits of digital-asset-based finance.