Metaplanet has established a stock buyback plan to improve capital efficiency and maximize BTC returns.
Jinse Finance reported that Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, stated on social media that Metaplanet has established a stock repurchase plan to improve capital efficiency and maximize BTC returns. The board of directors has also approved a credit arrangement to enable flexible execution of the company's capital allocation strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The proposal to repurchase $50 million worth of ETHFI currently has 100% support.
