Metaplanet repurchases 12.25 million shares worth $18.76 million as stock slides

what happened

Tokyo-listed Bitcoin treasury firm Metaplanet has resumed buying its own stock, according to Crypto Briefing. Between November 1 and 12, it acquired 12,256,200 shares on the Tokyo Stock Exchange for ¥2,999,916,700, roughly $18.76 million, at an average of about ¥244.77 each. Its cumulative total under the current program now stands at 108,703,600 shares.

The board approved the program on October 13, 2026, with a ceiling of ¥60 billion or 200 million shares. So far ¥28.27 billion has been spent, equal to 54.4% of the authorized share count. About 91.3 million shares and roughly ¥31.73 billion remain. The company says the aim is to raise Bitcoin held per share and to offset dilution from earlier convertible bond issues.

The buyback did not halt the decline. Shares fell more than 4% on November 13 to close at ¥219, below the average price paid. Pressure is also coming from the planned removal from the MSCI Japan Small Cap Index on November 30, 2026, and a cut to the FY2026 revenue forecast to ¥6.5 billion.

why it matters

The buyback uses cash that could otherwise fund Bitcoin purchases or operations, so investors must weigh the gain in Bitcoin per share against that trade-off, especially after the revenue cut. Holders gain a larger claim on the 44,000 BTC reported as of September 30, provided the holdings stay unchanged. Key points to watch are the pace of repurchases and trading around the MSCI removal date.

market impact

Metaplanet shares: buyback offers support, but index-exit selling may weigh on the stock

• ↔Metaplanet shares mixed — buyback supports the price, while expected MSCI-related selling pressures it

tags

instruments