Bitcoin Strategy in Focus: Metaplanet’s Share Buyback Amid Market Volatility

In a strategic move that underscores the evolving relationship between corporate finance and digital assets, Tokyo-based Metaplanet has announced a significant share repurchase program following recent Bitcoin price fluctuations. As a company holding one of Asia's largest Bitcoin treasuries with 30,823 BTC valued at approximately $3.5 billion, Metaplanet's decision comes at a crucial moment for cryptocurrency markets. The board-approved buyback, decided during their October 28, 2025 meeting, represents a bold response to pressure on the company's market-based net asset value (mNAV) caused by BTC volatility. This development positions Metaplanet as the world's fourth-largest public Bitcoin holder according to Bitcoin Treasury data, highlighting the growing institutional adoption of cryptocurrency as a treasury reserve asset. The share repurchase initiative signals management's confidence in both the company's long-term strategy and the fundamental value proposition of Bitcoin, despite short-term market turbulence. This move is particularly noteworthy given the current market conditions in early November 2025, where institutional investors are closely watching how companies with substantial Bitcoin exposure navigate price swings. Metaplanet's approach demonstrates a sophisticated understanding of balancing traditional corporate finance mechanisms with innovative digital asset strategies, potentially setting a precedent for other companies considering similar treasury allocations. The company's substantial Bitcoin holdings, accumulated through a deliberate corporate strategy, now face the test of market volatility while simultaneously providing opportunities for strategic financial maneuvers like the current buyback program.

Metaplanet Announces Share Buyback Amid Bitcoin Volatility

Metaplanet, a Tokyo-based firm with one of Asia's largest Bitcoin treasuries, has approved a share repurchase program following a board meeting on October 28, 2025. The decision comes as the company's market-based net asset value (mNAV) faced pressure from recent BTC price fluctuations.

Holding 30,823 BTC worth approximately $3.5 billion, Metaplanet now ranks as the world's fourth-largest public Bitcoin holder according to BitcoinTreasuries.net. The buyback initiative aligns with the company's April-launched strategy to optimize capital efficiency and BTC yield generation.

President Simon Gerovich confirmed the move via social media, noting the board simultaneously approved a credit facility to support flexible execution of the capital allocation strategy. "This demonstrates our commitment to creating shareholder value through disciplined bitcoin treasury management," the announcement implied without direct quotation.

France to Debate Bitcoin Reserve and Stablecoin Bill Today

The French Parliament is poised to review a groundbreaking pro-crypto bill today, spearheaded by Éric Ciotti, Head of the Union of Rights for the Republic (UDR). The legislation seeks to integrate Bitcoin and stablecoins into France's financial framework, marking the country's first comprehensive crypto proposal.

Ciotti argues the move WOULD bolster France's financial sovereignty and position it at the forefront of Europe's blockchain revolution. The bill outlines three key initiatives: establishing a national Bitcoin reserve, promoting euro-denominated stablecoins, and fostering domestic crypto industry growth. This signals France's adaptation to what Ciotti describes as a "new monetary order."

The proposal includes creating a public institution to manage a reserve equivalent to 2% of Bitcoin's total supply—approximately 420,000 BTC. This "national digital gold" strategy aims to enhance monetary resilience, with plans to fund the reserve using surplus nuclear energy revenues.

France Considers Establishing National Bitcoin Reserve in Groundbreaking Proposal

France is weighing a historic legislative proposal to create a sovereign Bitcoin reserve, potentially acquiring 420,000 BTC (2% of total supply) over 7-8 years. The plan, introduced by lawmakers Philippe Latombe and Éric Ciotti, would position Bitcoin alongside Gold and foreign currencies as strategic national assets.

The proposal includes provisions for mining Bitcoin using France's nuclear and hydroelectric infrastructure, aligning with the nation's energy independence goals. This MOVE would mark the first large-scale Bitcoin adoption by a major EU economy, following smaller-scale initiatives by El Salvador and Bhutan.

Discussions in the French parliament are intensifying as global interest grows in Bitcoin as an inflation hedge and sovereign wealth store. The scale of France's potential accumulation dwarfs previous state-level Bitcoin acquisitions, signaling a potential paradigm shift in reserve asset management among developed economies.

Metaplanet Bets $500M Bitcoin-Backed Buyback to Shore Up Investor Confidence

Metaplanet Inc., a Tokyo-listed firm holding over 30,000 BTC ($3.5 billion), is deploying Bitcoin as collateral for a $500 million credit facility to fund a massive share repurchase. The move comes as its stock price dipped below the value of its Bitcoin reserves, with market-based net asset value (mNAV) briefly falling to 0.88.

The company aims to buy back up to 150 million shares (13% of outstanding stock) over two years, while maintaining its aggressive Bitcoin accumulation strategy targeting 210,000 BTC by 2027. This positions Metaplanet among Bitcoin treasury firms navigating volatile valuations—a trend highlighted in 10x Research's recent report on companies trading at premiums to their crypto holdings.

Hut 8 Pivots from Bitcoin Mining to Energy Infrastructure, Eyeing AI and HPC Markets

Hut 8, once a stalwart in Bitcoin mining, is now strategically repositioning itself within the energy infrastructure sector. The move signals a broader ambition to service power-intensive industries like artificial intelligence and high-performance computing. By leveraging its existing expertise in large-scale energy management, the company aims to capitalize on the escalating demands of next-generation technologies.

The shift reflects a calculated diversification beyond cryptocurrency. Hut 8's infrastructure—originally built for mining operations—is now being retrofitted to support AI data centers and other compute-heavy applications. "Our energy capabilities position us uniquely for the computational arms race," a company representative noted, underscoring the growing symbiosis between power infrastructure and technological innovation.

CoreWeave Maintains Strong Growth Outlook Independent of Core Scientific Deal, Says Top Analyst

Evercore ISI's five-star analyst Amit Daryanani reaffirmed his bullish stance on AI cloud-computing firm CoreWeave (CRWV), maintaining a $175 price target despite uncertainties around its proposed $9 billion acquisition of Bitcoin mining infrastructure provider Core Scientific (CORZ). The deal, while potentially offering operational synergies, isn't viewed as critical for CoreWeave's success.

Daryanani ranks among the top 1% of analysts tracked by TipRanks, with a 66% success rate and 19.7% average return per rating. His confidence stems from CoreWeave's standalone capacity in GPU cloud infrastructure for AI developers—a sector experiencing exponential demand growth.

Core Scientific's Bitcoin mining operations could provide power capacity advantages, but CoreWeave's existing resources appear sufficient. 'Strategic benefits exist, but this isn't a must-have transaction,' the analysis suggests, highlighting the acquirer's robust independent trajectory.