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Metaplanet shares drop over 4% amid large buybacks and lowered 2026 revenue forecast

Market News
13 Nov 2026, 10:21 WIB
Crypto news
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Bearish
Metaplanet shares drop over 4% amid large buybacks and lowered 2026 revenue forecast

Metaplanet's stock fell more than 4% to ¥219, trading below its average buyback price after repurchasing 108.7 million shares worth ¥28.27 billion. The company cut its 2026 revenue forecast sharply from ¥16 billion to ¥6.5 billion and operating profit from ¥11.4 billion to ¥3 billion, reflecting challenges despite a 30.5% revenue increase in the first nine months. Metaplanet will be removed from the MSCI Japan Small Cap Index effective November 30, 2026, which may impact index-tracking funds. The company continues its share repurchase program but faces downward pressure from Bitcoin price fluctuations and a convertible bond issuance that could dilute shares.

Metaplanet's recent stock developments provide context for cryptocurrency market trends on Pluang. For readers following digital assets, here is Pluang's market snapshot as of Nov 13, 2026 15:02 WIB: out of 50 major cryptocurrencies, 12 rose and 37 fell today. Notable price changes include AAVE at Rp2.029.367 with a 1-day change of -4.28% and Pluang order activity showing 3% Sell / 97% Buy, BCH at Rp3.988.343 down 4.23% with 25% Sell / 75% Buy, and YFI at Rp32.897.975 down 3.88% with 3% Sell / 97% Buy. Typical hold times on Pluang range from 69 to 107 days for these assets.

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