Metaplanet Stock Surges 10% on Share Repurchase, Capital Allocation Policy
- Metaplanet announced a new capital allocation policy aimed at maximizing long-term corporate value.
- The company’s stock rose over 10% to reach 519 JPY, with a weekly increase exceeding 25%.
- Metaplanet plans to repurchase up to 150 million shares by October 29, 2026, funded through various sources including a $500 million credit facility.
- Currently, Metaplanet holds approximately $3.5 billion in Bitcoin, with an unrealized profit of $281 million.
- The company’s mNAV is reported at 1.05, indicating its enterprise value exceeds the value of its Bitcoin holdings.
The new capital allocation policy includes strategies for enhancing BTC yield and pausing common share issuance when mNAV falls below one. This comes after significant fluctuations in mNAV during recent market volatility.
With Metaplanet’s stock gaining over ten percent and targeting substantial share repurchases, the company aims to optimize its capital efficiency and BTC yield effectively.(Source)
