Update
Metaplanet Repurchases Shares to Reduce Share Count
Metaplanet, a bitcoin treasury company, repurchased 96.4 million shares in just over two weeks, deploying about $160 million. The move reflects a more flexible approach to increasing bitcoin exposure for shareholders, reducing the share count without requiring additional bitcoin purchases. The company has already completed nearly half of its authorized buyback of shares and is continuing to allocate capital with discipline, considering share price, mNAV, and market conditions.