Metaplanet Cuts Losses by $380M with Record Share Repurchase

Background

Metaplanet, a Japanese Bitcoin treasury company, has announced plans to raise $380 million through a record share buyback. The company has seen its stock value decline by 90% since its peak in June 2025, and is now seeking to cut losses by repurchasing shares.

Financing

Metaplanet plans to raise $329 million through the issuance of unsecured, zero-coupon Euro-yen convertible bonds due in 2031. The company will also use up to $149 million of the new bond proceeds to repay part of its outstanding loans in November.

Share Repurchase

The company has simultaneously terminated its previous ¥75 billion ($475 million) repurchase authorization and established a new ¥60 billion ($380 million) buyback program. Metaplanet will use up to ¥28.3 billion ($179 million) of the proceeds to share repurchases as part of the new program.

Impact

The renewed buyback effort comes amid a prolonged decline in Metaplanet's stock, as Bitcoin's struggles have weighed on investor sentiment toward cryptocurrency treasury companies. Metaplanet shares have declined approximately 36% this year, closing at ¥261 on Oct. 13. The stock has also lost nearly 90% of its value from its June 2025 peak of ¥1,930.

Key Entities

Metaplanet, Strategy, Bitcoin

Narrative Theme

Regulatory Enforcement

Impact Score

3

Key Takeaways

* Metaplanet is raising $380 million through a record share buyback to cut losses and reduce its reliance on Bitcoin-backed debt.

* The company has seen its stock value decline by 90% since its peak in June 2025. * Metaplanet plans to use up to $149 million of the new bond proceeds to repay part of its outstanding loans in November.

Image Prompt

A photo of Metaplanet's Tokyo office, with a large Bitcoin-themed mural in the background, capturing the company's commitment to Bitcoin accumulation and its efforts to cut losses through share repurchases.