Metaplanet Completes $122.4 Million Buyback of 73.98 Million Shares
Photo: TokenPost
Metaplanet has completed its first ordinary-share buyback, spending $122.4 million for 73.98 million shares, equal to 5.42% of its issued stock. The Japan-listed Bitcoin (BTC) treasury company said the repurchase is intended to increase book value per share. The completed purchase was measured in three ways: its $122.4 million cost, the 73.98 million shares acquired and their 5.42% share of issued ordinary shares. Those figures describe the scale of the company’s first buyback. The stated aim is to raise book value per share as the company’s reason for the capital move.
Source: TokenPost
