Metaplanet buys back 96.45M shares for ¥25.27B as stock rises 2.46%
7 Articles
7 Articles
Metaplanet frees ¥8B for Bitcoin after early bond payoff
Metaplanet (TYO: 3350) confirmed early cash repayment of its ¥8 billion in bonds on Monday, a move that frees a corresponding amount of money to fund the firm’s Bitcoin accumulation plans. The leading Japanese corporate Bitcoin holder has now reached 42% capacity on the ¥60 billion planned for share buybacks. Metaplanet frees funds for Bitcoin...
Metaplanet Stock Rises as ¥25B Buyback Counters Bitcoin Risk
Metaplanet stock recovered on Nov. 2 after the Japanese Bitcoin treasury company disclosed further share repurchases. Shares climbed from ¥238 to close at ¥250, gaining 2.46% despite Bitcoin remaining below $80,000. The company reported buying back ¥25.27 billion in shares through October. It also announced an early debt repayment and revised funding plans …
Metaplanet increased its Bitcoin purchase budget by 8 billion yen to 33.4 billion yen; its 25.3 billion yen share buyback program was completed between October 14-31.
Metaplanet withdrew 22.46 million shares for some $37.8 million and seeks to raise the amount of BTC that supports each remaining title. The operation is part of a larger program that is also funded by convertible bonds, while the firm tries to bring its Bitcoin-backed debt closer to a more conservative domestic limit.
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