Metaplanet buys back 22.46 million shares for $37.8 million to lift Bitcoin per share

The Tokyo-based Bitcoin treasury firm keeps shrinking its share count while working to bring its Bitcoin-backed debt back under its own target Metaplanet has repurchased 22.46 million of its own shares for $37.8 million. The stated goal is to raise the amount of Bitcoin backing each remaining share. How the buyback machine works The latest purchase sits inside a larger repurchase program approved on October 13, 2026. That authorization lets Metaplanet buy back up to ¥60 billion (approximately $380 million) worth of stock, or up to 200 million shares. The window runs through October 2027. The program opened with a large block trade on October 14. Metaplanet bought 73.98 million shares at ¥261 each, a deal totaling around ¥19.31 billion. After that opening move, the firm shifted to a mix of block trades and open-market purchases. By November 2, 2026, Metaplanet reported it had acquired 96.45 million shares in October, at a total cost of ¥25.27 billion. One visible example: following the buyback, Capital Research and Management raised its voting stake to 11.11%, a move influenced by the reduced voting base. Where the money is coming from The company priced ¥52 billion in zero-coupon E...