Metaplanet Dives Headfirst into Bitcoin Abyss with $500M Bet – Will They Swim or Sink? 🚀💰

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Metaplanet’s stock pirouettes upward 10% after a grand announcement: $500M credit line, share buybacks, and a capital allocation policy that smells suspiciously like desperation.

 

Metaplanet, Asia’s second-largest Bitcoin treasury firm (after MicroStrategy, because why stop at one?), witnessed its shares leap like startled frogs over 10%. This was in response to a new capital allocation policy and a share repurchase plan so bold, it made Wall Street whisper, “Are they mad?”

The company also secured a $500 million credit facility-because who doesn’t want to bet their future on a digital ledger, right?

Company Unveils New Capital Allocation Policy (aka Survival Mode)

On October 28, Metaplanet’s board declared war on shareholder value and Bitcoin yield. Their strategy? Limit common share issuance when the market-adjusted net asset value (mNAV) dips below 1. Because nothing says “confidence” like admitting you’re underwater. Perpetual preferred shares for funding and share buybacks-because buying back your own stock is just a fancy way of saying, “We’re running out of ideas.”

Notice Regarding the Establishment of Capital Allocation Policy

– Metaplanet Inc. (@Metaplanet_JP)

This decision came during a market tantrum, where Metaplanet’s enterprise value plunged below its Bitcoin holdings. As BTC prices nosedived to $102,000 (yes, that’s a typo, but let’s pretend it’s poetic), the stock became a piñata for institutional and retail investors, both smashing it for joy.

Share Repurchase and Credit Facility Confirmed (Because Why Not?)

The board also greenlit a share repurchase program targeting 150 million shares by October 29, 2026. CEO Simon Gerovich, with the enthusiasm of a man who just discovered the off switch, declared the buyback would “increase capital efficiency” and “support Bitcoin yield goals.” Translation: We’re throwing money at a wall to see if it sticks.

The $500 million credit facility? A flexible tool for “share buybacks, new Bitcoin acquisitions, or investments in Bitcoin income-generating businesses.” Because nothing says “income-generating” like a ponzi scheme with a blockchain.

BTC Holdings and Market Performance Update (Spoiler: It’s Still a Rollercoaster)

Metaplanet currently hoards 30,823 BTC, valued at nearly $3.5 billion. Their Bitcoin portfolio has delivered a year-to-date yield of 496.4%, because of course it did. Their mNAV sits at 1.05, with an unrealized profit of $281 million from BTC purchases. Translation: They’re rich, but not rich enough.

The Bitcoin 100 – The Top Public Bitcoin Treasury Companies (as of October 28, 2025)

In the last 7 days:

8 companies increased their holdings:

The top 100 public companies jointly hold 1,048,589 BTC.

Keep reading for more details

– BitcoinTreasuries.NET (@BTCtreasuries)

Metaplanet’s stock hit 541 JPY, with over 75 million shares exchanged-like a party where everyone forgot the punchline. Over the past week, the stock climbed 25%, recovering to a 53% year-to-date gain after breaking past its descending trendline. Because nothing says “stability” like a stock that dances like a drunken bear.

Long-Term Bitcoin Strategy Remains in Focus (Or Lack Thereof)

Metaplanet has paused Bitcoin purchases after hitting its 2025 target. Their long-term goal? Accumulate 210,000 BTC by 2027. Future acquisitions will come from income, preferred share issuances, and credit access. Because why not ask the future for money today?

At the time of reporting, Bitcoin traded at $113,850, down 1.5% in 24 hours. Trading volume, however, rose 15%, proving that people still love to gamble-even when the house is on fire. 🤷♂️🔥

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2025-10-28 20:35