Metaplanet shares slid amid wild market swings with the company’s mNAV ratio going below 1.0. This is despite Metaplanet being Asia’s Bitcoin-hoarding titan. Now mid-October volatility slashed the mNAV, sending the stock to its lowest since May.
However, Metaplanet is fighting back with flair to super charge their undervalued shares.
How is Metaplanet Shares Battle being fought?
The board made a 150 million share repurchase via the Tokyo Stock Exchange.
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You heard that right! The board bought Metaplanet shares with a $500 million credit facility locked in for a full year.
“We see the volatility, we feel the dip, but our intrinsic value is screaming ‘undervalued superstar,’” the company declared with bullish sentiment.
By shrinking the float, Metaplanet aims to juice earnings per share, sparkle up market perception, and send Metaplanet shares soaring north.
Analysts have their own opinions. But Metaplanet is ready to throw caution to the wind.
Meanwhile, Metaplanet keeps accumulating for their audacious roadmap to hoard 210,000 BTC by 2027 to ensure they remain Asia’s undisputed corporate Bitcoin king.
