Metaplanet buys back $18.8M in shares to raise BTC held per share

Japan-listed Bitcoin treasury firm Metaplanet bought back an additional 12,256,200 shares worth about $18.76 million, or around 3 billion yen, to increase its BTC holdings per share, Crypto Briefing reported. The purchases were made on the Tokyo Stock Exchange from Nov. 1 to 12. The latest buyback raised the cumulative total under the share repurchase program approved in October to 108,703,600 shares, or about 54.4% of the overall 200 million-share limit. Separately, Metaplanet is scheduled to be removed from the MSCI Japan Small Cap Index on Nov. 30, according to the report.