Metaplanet Inc., the fourth-largest corporate Bitcoin holder, saw its shares surge over 10% on Tuesday following the announcement of an ambitious new capital allocation strategy.
The Tokyo-listed company – often dubbed “Asia’s Strategy” for mirroring MicroStrategy’s Bitcoin-focused approach – confirmed the establishment of a $500 million credit facility and a large-scale share repurchase program.
*Notice Regarding the Establishment of Share Repurchase Program* pic.twitter.com/GBNY8fJfv4
— Metaplanet Inc. (@Metaplanet_JP) October 28, 2025
The timing of the announcement coincides with Bitcoin’s steady recovery above $114,000. The world’s largest cryptocurrency rose 4.6% in the past week, boosting optimism among investors exposed to Bitcoin treasury companies.
Capital Allocation Policy Designed to Maximize Long-Term Value
Metaplanet’s board of directors approved the capital allocation plan on October 28, focusing on sustainable growth and shareholder value creation. The new policy is built around three key principles: enhancing BTC yield via perpetual preferred shares, suspending common stock issuance when the company’s modified net asset value (mNAV) falls below 1, and executing share buybacks to improve capital efficiency.
The company noted that the strategy reflects its commitment to maintaining a healthy balance between equity and Bitcoin holdings while optimizing treasury performance. The decision follows a volatile period when Metaplanet’s enterprise value temporarily dropped below its Bitcoin reserves as BTC prices swung between $102,000 and $114,000.
Share Buyback Program Targets 150 Million Shares
In a move aimed at strengthening shareholder returns, Metaplanet announced a share repurchase program set to run until October 29, 2026. The firm plans to buy back up to 150 million shares using multiple funding sources, including cash reserves, preferred share issuances, and the newly approved credit facility.
CEO Simon Gerovich emphasized that the buyback program will “enhance capital efficiency and strengthen BTC yield generation.” He added that the $500 million credit line will give Metaplanet flexibility to pursue additional Bitcoin acquisitions and investments in BTC income-generation businesses.
Metaplanet’s Bitcoin Holdings and Market Performance
Metaplanet currently holds 30,823 BTC valued at approximately $3.5 billion. The company’s BTC yield stands at an impressive 496.4% year-to-date, with its mNAV at 1.05 and unrealized profits nearing $281 million.
The firm has temporarily paused new Bitcoin purchases after reaching its annual acquisition target but reiterated its long-term goal of owning 210,000 BTC by 2027. Such a target would put Metaplanet in direct competition with MicroStrategy and other global Bitcoin treasuries in scale and influence.
Stock Performance Signals Renewed Investor Confidence
Metaplanet shares climbed to 519 JPY on Tuesday before mild profit-taking, with intraday trading ranging from 464 to 541 JPY. Trading volume surged beyond 75 million shares, far exceeding the average 49 million. This spike in activity underscores renewed market confidence in the company’s Bitcoin-driven business model.
The stock has now gained more than 25% in a week and approximately 53% since the start of the year. Technical indicators on the daily chart show a potential recovery trend, with RSI rebounding near 45 and the MACD showing early signs of bullish crossover momentum.
Bitcoin Price Momentum Lifts Corporate Treasuries
Bitcoin’s rebound has been a key catalyst for crypto-aligned stocks like Metaplanet. The world’s largest digital asset trades around $114,488 with a total market capitalization of $2.28 trillion. The latest uptick in Bitcoin’s price coincides with growing optimism ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting and Thursday’s highly anticipated meeting between U.S. President Donald Trump and China’s Xi Jinping – events expected to influence broader market sentiment.
Metaplanet’s Long-Term Vision
As one of the earliest Asian corporations to adopt a Bitcoin-centric balance sheet strategy, Metaplanet continues to position itself as a pioneer in digital asset treasury management. Its latest capital policy, share buyback plan, and access to new credit resources indicate a deliberate shift toward building long-term shareholder value while maintaining strategic exposure to Bitcoin.
With BTC trading near all-time highs and institutional adoption accelerating, investors are closely watching whether Metaplanet’s bold new approach could make it the leading Bitcoin treasury in Asia – and a defining example of corporate digital asset integration worldwide.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.