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Metaplanet Initiates $500 Million Share Buyback to Boost Bitcoin (BTC) Yield
Metaplanet announces a $500 million share buyback to enhance Bitcoin returns, utilizing a Bitcoin-backed credit facility. The move aims to improve capital efficiency amid market volatility.
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Japanese investment firm Metaplanet has become one of the largest corporate Bitcoin holders by acquiring 5,268 BTC for $623 million, raising its total to 30,823 BTC worth about $3.6 billion.