Metaplanet buys back 22.46 million shares for $37.8 million to lift Bitcoin per share

The Tokyo-based Bitcoin treasury firm keeps shrinking its share count while working to bring its Bitcoin-backed debt back under its own target Metaplanet has repurchased 22.46 million of its own shares for $37.8 million. The stated goal is to raise the amount of Bitcoin backing each remaining share. The latest purchase sits inside a larger repurchase program approved on October 13, 2026. That authorization lets Metaplanet buy back up to ¥60 billion (approximately $380 million) worth of stock, or up to 200 million shares. The program opened with a large block trade on October 14.