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Metaplanet Buys Back 96.4M Shares to Boost Bitcoin Per Share
Published Source: Bitcoin.com NewsRead original
Crypto Insight Summary: Metaplanet repurchased 96.4 million shares in just over two weeks, deploying about $160 million as the bitcoin treasury company shifts capital toward reducing its share count. The Tokyo-listed firm has already completed nearly half of its authorized buyback of shares while simultaneously freeing more capital for future bitcoin purchases. Metaplanet Turns Its Stock Into a […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: The buyback may free capital for more Bitcoin purchases, adding modest institutional demand.