Metaplanet repurchases 96.45M shares for $160M and redirects bond cash to Bitcoin
Photo: Crypto Briefing
The Tokyo-listed Bitcoin treasury firm shrank its share count, paid off bonds early, and lifted its Bitcoin buying budget to about $212 million Metaplanet just spent roughly $160 million buying back its own stock. It also paid off a chunk of debt ahead of schedule and steered that freed-up money back toward Bitcoin . The Tokyo Stock Exchange-listed firm (TSE: 3350) repurchased 96,447,400 shares between October 14 and October 31. The total cost was ¥25.269 billion, or approximately $160 million. The repurchase falls under a program the board approved on October 13.
Source: Crypto Briefing
