Metaplanet's Share Price Falls 47% YTD, Triggering Buyback Plan After mNAV Drops Below 1.0x on June 9

BTC-3.09%
On June 9, Metaplanet, Japan's largest publicly traded Bitcoin treasury company, saw its market-to-net-asset-value (mNAV) ratio drop below 1.0x for the first time in 24 hours following Bitcoin's price decline. The 0.90x threshold crossed the company's capital allocation policy trigger, which activates a share repurchase program designed to maximize Bitcoin yield per share. CEO Simon Gerovich confirmed on X that "when mNAV is below 1.0x we will strongly consider repurchasing common shares." Metaplanet stock has fallen approximately 47% year-to-date and currently holds about 40,177 BTC.
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