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Metaplanet buys back shares to boost Bitcoin backing and reduce debt leverage.

Protocol Fundamentals
02 Nov 2026, 12:30 WIB
Crypto Briefing
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Bullish
Metaplanet buys back shares to boost Bitcoin backing and reduce debt leverage.

Metaplanet repurchased 22.46 million shares for $37.8 million as part of a larger buyback program aiming to increase Bitcoin backing per share. The company raised funds through zero-coupon convertible bonds, using proceeds to repay Bitcoin-backed loans and finance buybacks. With Bitcoin-collateralized debt above its 10% target at 17.7%, the firm is working to deleverage while managing share count and ownership concentration. Investors should watch share count, debt-to-net asset value ratio, and voting power shifts as key indicators of progress.

Metaplanet's recent buyback of 22.46 million shares for $37.8 million provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang as of Nov 02, 2026 17:31 WIB: out of 50 priced assets, only 6 rose while 42 fell. EGLD traded at Rp60.369 with a 1-day decline of 3.99% and a typical hold time of 86 days, contrasting with THETA at Rp2.790 down 3.89% and CRV at Rp4.992 down 3.52%, where sell orders dominated at 95% for EGLD and 61% for THETA.

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