Bitcoin · Crypto Briefing
Metaplanet repurchases 96.45M shares for $160 million and redirects bond cash to Bitcoin
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The Tokyo-listed Bitcoin treasury firm shrank its share count, paid off bonds early, and lifted its Bitcoin buying budget to about $212 million.
Key facts
- The Tokyo Stock Exchange-listed firm (TSE: 3350) repurchased 96,447,400 shares between October 14 and October 31
- The Tokyo-listed Bitcoin treasury firm shrank its share count, paid off bonds early, and lifted its Bitcoin buying budget to about $212 million
- With this first round, the company has used about 42% of that ¥60 billion ceiling
- Metaplanet spent roughly $160 million buying back its own stock
Summary
The Tokyo Stock Exchange-listed firm (TSE: 3350) repurchased 96,447,400 shares between October 14 and October 31. The repurchase falls under a program the board approved on October 13. With this first round, the company has used about 42% of that ¥60 billion ceiling. After the buyback, Metaplanet’s shares outstanding, excluding treasury shares, stand at approximately 1.2678 billion.