Metaplanet buys back 96.45M of its own shares, dropping ¥25.27B

Metaplanet just bought a pile of its own stock. The Japanese company repurchased 96.45 million shares between Oct. 14 and Oct. 31, according to a disclosure flagged by Cointelegraph. The price tag: ¥25.27 billion.

The buyback played out over a roughly two-and-a-half-week window, spanning the back half of October. Metaplanet has become one of the most closely followed names in Japan's equity market thanks to its bitcoin-heavy treasury strategy, which makes moves like this one land with extra weight.

Buybacks shrink the pool of shares trading in the market, and this one is sizable. The company hasn't offered a detailed rationale in the disclosure, which focused on the share count and the yen total.

For now, the headline numbers tell the story: 96.45 million shares, ¥25.27 billion, 18 days. Metaplanet hasn't said publicly what comes next.