Bitcoin-Backed Corporate Strategy: Metaplanet’s Bold $500M Buyback Signals Crypto Value Recognition

In a groundbreaking move that underscores the growing institutional confidence in Bitcoin as a treasury asset, Tokyo-listed Metaplanet Inc. has announced a massive 75 billion yen ($500 million) share repurchase program. This strategic decision comes as the company's market valuation dipped below the value of its substantial Bitcoin holdings, creating a remarkable arbitrage opportunity. With the company's market-to-net-asset-value ratio falling to 0.88, indicating the stock trades at a 12% discount to its Bitcoin-backed book value, this buyback represents one of the most significant corporate endorsements of cryptocurrency value proposition in traditional finance. The authorization covers up to 150 million shares, positioning Metaplanet as a pioneer in leveraging digital assets to enhance shareholder value while challenging conventional corporate treasury management approaches. This development not only validates Bitcoin's role as a legitimate store of value but also sets a precedent for other companies holding cryptocurrency reserves to consider similar value-unlocking strategies. The timing of this announcement, coming amid evolving global regulatory landscapes and increasing institutional adoption, suggests a maturing recognition of cryptocurrency's potential to transform corporate balance sheets and investment strategies worldwide.

Metaplanet Initiates $500M Bitcoin-Backed Share Buyback Amid Stock Undervaluation

Metaplanet Inc., a Tokyo-listed firm with substantial Bitcoin holdings, has launched a 75 billion yen ($500 million) share repurchase program after its market valuation fell below the value of its BTC treasury. The company's market-to-net-asset-value ratio (mNAV) dropped to 0.88, signaling the stock trades at a 12% discount to its Bitcoin-backed book value.

The buyback authorization covers up to 150 million shares, representing 13% of outstanding stock. Funding comes through an innovative Bitcoin-collateralized credit facility rather than liquidating any BTC holdings. Metaplanet maintains 30,823 BTC ($3.5 billion) on its balance sheet but has paused additional acquisitions during the mNAV decline.

S&P Global Ratings assigned a 'B-' speculative grade to the strategy, mirroring concerns about MicroStrategy's Bitcoin-heavy approach. The repurchase window runs from October 2025 through October 2026, executed via Tokyo Stock Exchange discretionary trades. This capital allocation move aims to amplify bitcoin exposure per remaining share.

Bitcoin's Price Cycle Faces Scrutiny as Traditional Models Lose Predictive Power

Bitcoin's historical price patterns are under renewed examination as 10x Research challenges the reliability of cyclical forecasting models. The once-influential Stock-to-Flow framework, which accurately predicted the October 2022 market bottom but failed during the 2021 bull run, now appears fundamentally flawed in its supply-side focus.

Market dynamics suggest diminishing returns may not stem solely from cryptocurrency maturation. While post-halving rallies remain consistent—with the current cycle potentially peaking NEAR $121,000—the astronomical $1.3 million projections appear increasingly untenable. The 2021 cycle's failure to breach $100,000 despite model predictions underscores the growing divergence between theoretical frameworks and on-chain realities.

Bitcoin Tests Key Support Levels Near $114K Ahead of Fed Decision

Bitcoin hovers near $114,000 as traders scrutinize its ability to hold critical support zones. The cryptocurrency closed last week above the 21-week exponential moving average at $111,200, with bulls now defending the $113,500 level. A successful retest could signal continuation of the uptrend.

Technical analyst Rekt Capital notes Bitcoin's weekly close above both the 21-week EMA and $114,500 resistance. "Retests typically follow such breaks," he observes, adding that the current pullback appears to be validating these levels as support. Hourly charts reveal bullish divergence in the RSI despite broader timeframe weakness.

Market participants await the Federal Reserve's interest rate decision, which may catalyze the next directional move. The $111K-$114.5K range now serves as the battleground between bulls and bears, with a sustained hold above these levels potentially opening the path toward higher prices.

American Bitcoin Corp Expands BTC Holdings, Shares Rise 6.05%

American Bitcoin Corp (Nasdaq: ABTC) surged 6.05% to close at $5.96 as the company announced a significant expansion of its Bitcoin reserves. The firm added 1,414 BTC through mining and strategic purchases, bringing its total holdings to 3,865 BTC as of October 24, 2025.

The company's innovative Satoshis Per Share (SPS) metric now shows each share backed by 418 Satoshis, representing a 52% increase. This growth underscores ABTC's dual strategy of combining cost-efficient mining with strategic acquisitions to strengthen its position in America's Bitcoin infrastructure development.

Transparency remains a cornerstone of ABTC's approach, with regular SPS updates reinforcing investor confidence. The Hut 8-backed firm continues to cement its role as a major player in institutional Bitcoin accumulation, with some holdings held in custody or pledged for miner purchases under agreements with industry partners like BITMAIN.

Hyperscale Data's Bitcoin Treasury Strategy Reaches $68.8 Million

Hyperscale Data's Bitcoin holdings surged to $68.8 million as of October 26, 2025, marking a significant milestone in its aggressive digital asset accumulation strategy. The Las Vegas-based company now holds 194.55 BTC, valued at $22.3 million at current prices, with plans to expand its position further.

The company's Bitcoin treasury represents 50% of its $95.44 million market capitalization, a ratio it aims to increase to 100% through its $100 million digital asset strategy. Hyperscale has allocated $46.5 million in cash for future purchases, committing to deploy at least 5% weekly while providing regular updates on its growing position.

Hyperscale's Bitcoin comes from two primary sources: 36.42 BTC mined through subsidiary Sentinum and 158.13 BTC acquired on the open market. The firm's transparent approach to corporate Bitcoin adoption reflects growing institutional confidence in cryptocurrency as a treasury asset.

Metaplanet Leverages Bitcoin-Backed Loan for Share Buyback and BTC Accumulation

Tokyo-based investment firm Metaplanet has unveiled an aggressive capital efficiency strategy centered on Bitcoin. The company will repurchase 150 million shares—13.13% of outstanding stock—using a $500 million loan collateralized by its existing 30,823 BTC ($3.5 billion) holdings. This buyback, active until October 2026, triggers when shares trade below net asset value.

The borrowed funds will also fuel additional Bitcoin acquisitions, aligning with Metaplanet's ambitious target of amassing 210,000 BTC by 2027. Management views current market prices as misaligned with intrinsic value, positioning the buyback as both a corrective measure and a strategic deployment of its Bitcoin treasury.