Can Metaplanet's (TSE:3350) Bitcoin-Backed Buyback Reveal a New Capital Strategy?

Metaplanet Inc. recently announced a share repurchase program to buy back up to 150,000,000 shares, or 13.13% of its shares, for ¥75,000 million, with the program set to run until October 28, 2026.
This initiative enables Metaplanet to use its Bitcoin holdings as flexible collateral for acquisitions, business operations, or further buybacks through bridge capital ahead of a planned preferred stock issuance.
We'll explore how the use of Bitcoin as financial leverage in the buyback program could shape Metaplanet's investment narrative.

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What Is Metaplanet's Investment Narrative?

For anyone considering Metaplanet as a potential investment, the heart of the story is its aggressive embrace of Bitcoin as both an operational asset and financial backbone. The newly announced buyback program, which allows flexible borrowing against Bitcoin for share repurchases and business moves, adds a bold lever to the company’s toolkit, though it potentially heightens both upside catalysts and exposure to Bitcoin price swings. In the short term, these tactics could fast-track key expansion plans and maintain market focus on operational execution, especially as the company’s forecasted revenue surge is closely linked to Bitcoin-driven ventures. Yet, following recent volatility and past dilution, the freshness of Metaplanet’s leadership and ongoing experimentation with capital structure arguably remain immediate minefields. The buyback plan marks a real shift in risk profile and possibly market catalyst, with Bitcoin now even more at the center of near-term outcomes.

But not all shareholders may be comfortable with the volatility tied to Bitcoin-backed financial maneuvers. Metaplanet's share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price.

Exploring Other Perspectives

TSE:3350 Community Fair Values as at Nov 2025

Simply Wall St Community members have posted six fair value estimates for Metaplanet, from as little as ¥2.47 all the way to ¥1,927.50. The company’s bold approach with the latest buyback announcement has the potential to reshape short-term risks and rewards. You’ll find investor perspectives are as wide-ranging as opinions on Bitcoin itself.

Explore 6 other fair value estimates on Metaplanet - why the stock might be worth over 4x more than the current price!