Metaplanet has formulated a stock buyback plan to improve capital efficiency and maximize BTC returns
BlockBeats News, October 28th. Simon Gerovich, CEO of Japan's Bitcoin Treasury company Metaplanet, stated in a social media post that Metaplanet has implemented a stock repurchase plan to improve capital efficiency and maximize BTC returns. The board has also approved a credit arrangement to enable flexible execution of the company's capital allocation strategy.
According to the disclosed documents, to facilitate the execution of the repurchase plan, the board has approved the establishment of a credit arrangement with a maximum financing amount of $5 billion (approximately 764 billion yen). This arrangement allows the company to promptly borrow funds by providing Bitcoin collateral as needed. The raised funds can be used to increase BTC holdings, invest in BTC revenue-generating businesses, or conduct stock buybacks.
You may also like
Gainers
Latest Crypto News
Google Finance will integrate Kalshi and Polymarket prediction market data
Polymarket has announced that its prediction market odds will soon be integrated into Google.
Bitcoin Drops Below $101,000
Hourglass: Stablecoin Staking Event Phase 2 Pauses New Deposits, Ensuring All User Funds' Safety
Federal Reserve's Williams: Model-Based Estimate Puts U.S. Neutral Rate at Around 1%
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com