Metaplanet launches stock buyback plan! Mortgage Bitcoin to obtain a $500 million loan, and the stock price has rebounded 18% in the past 5 days.

“Japan MicroStrategy” Metaplanet has launched a $500 million Bitcoin-backed credit facility to initiate a large-scale stock repurchase plan, attempting to reverse the decline of its mNAV falling below 1, and to reshape shareholder value and Bitcoin earnings per share. (Background: The Japanese version of MicroStrategy Metaplanet's "mNAV ratio falls below 1 for the first time! Analysts: The digital asset treasury bubble bursts) (Additional background: After Metaplanet's stock price was halved, will the Bitcoin reserve plan of the Japanese version of MicroStrategy continue?) The Bitcoin reserve company known as “Japan MicroStrategy” Metaplanet announced today (28th) that it will launch a large-scale stock repurchase plan, targeting to enhance shareholder value, optimize capital efficiency, and maximize Bitcoin earnings per share (BTC Yield). The market interprets this move as an aggressive counter-strategy from Metaplanet in response to its market capitalization net asset value ratio (mNAV) recently falling below 1. 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. — Simon Gerovich (@gerovich) October 28, 2025 Key details of the repurchase plan: Mortgaging Bitcoin to obtain a $500 million loan According to official documents, the upper limit for Metaplanet's stock repurchase is 150 million shares of common stock, equivalent to 13.13% of the total issued shares (excluding treasury stock). The execution period is from October 29, 2025, to October 28, 2026. Most importantly, the source of funds for the repurchase comes from the newly approved $500 million (approximately 75 billion yen) credit line by the Board, which will be secured by the company's Bitcoin holdings for one year. Additionally, this credit line can be flexibly redirected to additional Bitcoin purchases or related income-generating investments. Furthermore, Metaplanet indicated that the repurchase strategy will be activated when the market value falls below the net asset value by 1 time, aiming to reduce the number of circulating shares, increase Bitcoin holdings per share, and quickly restore market confidence. Metaplanet's current holdings: Asia's largest, fourth largest in the world As of now, Metaplanet holds a total of 30,823 Bitcoins, with a total value of approximately $3.5 billion, making it the largest publicly traded Bitcoin holding company in Asia and the fourth largest in the world. Previous reports indicated that Metaplanet's mNAV once dropped to 0.88, showing that its stock price market value was severely below its Bitcoin asset value, becoming the main trigger for this repurchase. Metaplanet's stock price rebounds According to data from Google Finance, Metaplanet's stock has recently rebounded, with a nearly 18% increase in the last 5 days, and its market capitalization has risen to 570 billion yen. Related reports Japan MicroStrategy Metaplanet's stock price plummeted 50% in two months, has the Bitcoin flywheel effect failed? Norway's largest sovereign fund increased Bitcoin exposure by 83% in Q2, massively buying MicroStrategy and Metaplanet's indirect holdings of 11,400 BTC Bitcoin contributed! Metaplanet released its Q2 financial report: return to profitability with assets soaring 333%, stock price has risen 177% this year〈Metaplanet launches stock repurchase plan! Mortgaging Bitcoin to obtain a $500 million loan, stock price rebounds 18% in the last 5 days〉This article was first published in BlockTempo, the most influential blockchain news media.