Metaplanet boosts Bitcoin plans after buybacks, bond repayment
6.6 Investments Metaplanet repurchased shares and repaid ¥8B in bonds early, raising its Bitcoin purchase allocation to ¥33.4B. Strive, Inc. now holds 43,124 BTC, close to Metaplanet’s 44,000 BTC.
Metaplanet has ramped up its Bitcoin accumulation strategy by repurchasing 22.46 million shares for $37.8 million. This initiative aims to increase the Bitcoin backing per share and is part of a broader buyback program approved in October 2026, which allows up to ¥60 billion (about $380 million) in stock repurchases through October 2027. By early November, Metaplanet had acquired 96.45 million shares, representing about 42% of the approved buyback limit. To finance these buybacks, the company issued ¥52 billion in zero-coupon Euro-yen convertible bonds maturing in 2031. Additionally, Metaplanet used available cash to repay ¥8 billion in bonds ahead of schedule, freeing up capital and raising its planned Bitcoin purchase allocation from ¥25.4 billion to ¥33.4 billion, while maintaining an overall target of ¥37.1 billion. Meanwhile, Strive, Inc. has rapidly increased its Bitcoin holdings to 43,124 BTC, closing in on Metaplanet’s roughly 44,000 BTC. Strive has primarily financed its purchases through perpetual preferred stock.
