Metaplanet has formulated a stock buyback plan to improve capital efficiency and maximize BTC returns

On October 28th. Simon Gerovich, the CEO of Metaplanet, a Bitcoin Treasury company in Japan, stated in a social media post that Metaplanet has launched a stock repurchase plan in order to enhance capital efficiency and maximize BTC returns. The board has also given approval to a credit arrangement, which enables the flexible implementation of the company's capital allocation strategy. According to the disclosed documents, in order to facilitate the execution of the repurchase plan, the board has approved the establishment of a credit arrangement with a maximum financing amount of $5 billion (approximately 764 billion yen). This arrangement allows the company to promptly obtain funds by providing Bitcoin as collateral as required. The raised funds can be used to increase BTC holdings, invest in BTC revenue-generating businesses, or conduct stock buybacks.