Metaplanet announces share buyback program after stock falls significantly
Image: CryptoSlateJapanese Bitcoin treasury firm Metaplanet announced a share buyback program following a steep decline in its stock price. The company plans to raise funds through a bond sale to repay Bitcoin-backed loans and repurchase shares. Metaplanet held 44,000 BTC at the end of September. Its borrowing ratio previously exceeded internal risk limits, prompting debt restructuring actions.
Key points
- Metaplanet announced a share buyback program after its stock fell significantly.
- The company held 44,000 BTC at the end of September.
- Metaplanet plans to use bond proceeds to repay Bitcoin-backed loans.
- The borrowing ratio exceeded the company's internal risk limits.
Why it matters
Corporate treasury strategies involving Bitcoin-backed loans and share buybacks highlight how public firms manage crypto asset holdings and debt exposure during market downturns.
Price context · BTC
At publication
$83,145.00
Now
$75,920.00
Change since
−8.69%
7 days
Sources · 2 publishers
Blockonomi
Tier 3
Metaplanet Stock Falls Nearly 90% as Bitcoin Firm Unveils $380 Million Buyback
Coverage timeline
- First reported by CryptoSlate
- Also reported by Blockonomi
- CryptoVideos brief published
- Brief updated
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