Metaplanet buys back 96.45 million shares in October
BROBROK News · Based on reporting by DiarioBitcoin ·
Metaplanet spent ¥25.270 billion to repurchase 96,447,400 shares between October 14 and 31, using about 42.1% of its approved buyback capacity. The company said future capital decisions will continue to weigh Bitcoin per share, stock price, mNAV and market conditions.
Key points
- The repurchase covered about 7.1% of shares outstanding before the buyback.
- Metaplanet has authorization to repurchase up to 200 million shares for as much as ¥60 billion.
- The company used both market trades and off-auction transactions on the Tokyo Stock Exchange.
- CEO Simon Gerovich said Bitcoin attributable per share remains the main capital-allocation priority.
- The stock closed at ¥250, up 2.46% in the session cited.
Why it matters
Buybacks can change the share count and the amount of Bitcoin exposure tied to each share. For crypto investors, this is another example of a Bitcoin treasury company using capital allocation to manage its market structure.
Original headline: “Metaplanet recompra 96,45 millones de acciones por ¥ 25.270 millones y sube 2,46%”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.