Metaplanet Doubles Down on Bitcoin-First Corporate Strategy

Metaplanet Inc. is reinforcing its commitment to a Bitcoin-centric corporate strategy. In recent comments, CEO Simon Gerovich highlighted the rarity of companies willing to incorporate Bitcoin into their treasury management, emphasizing a readiness to be "misunderstood by the market for years" while executing a long-term vision. This stance comes after the company's shares closed at 591 yen on Friday, marking a single-day decline of 3.59%.

The management's statements serve to defend and clarify Metaplanet's strategic direction within a broader corporate landscape that remains hesitant toward digital assets. Gerovich pointed out that most management teams do not even internally discuss Bitcoin as a potential balance sheet component. Those few that do, he noted, must possess the fortitude to withstand prolonged market skepticism—a mindset he described as uncommon.

This reaffirms the firm's transition from its former hotel business to a platform focused on Bitcoin-related revenue streams and treasury structure. The recent share price movement is viewed against a backdrop of significant volatility in the latter half of 2025 and is considered a normal market correction.

Completion of Share Buyback Program

In a parallel development, Metaplanet has concluded a previously announced share repurchase initiative. The program, which commenced on October 28, 2025, was finalized on December 31, 2025.

Should investors sell immediately? Or is it worth buying Metaplanet?

The company acquired 26,311 of its own shares, with the total transaction value reaching approximately 1.14 billion yen. While the scale of the buyback is limited relative to the total shares outstanding, management frames it as a targeted tool. It is intended to be used in conjunction with Bitcoin-based financing structures as part of the firm's broader capital allocation policy.

Financial Metrics and Upcoming Milestones

Based on Friday's closing price and the reported earnings for the past twelve months, the market currently values Metaplanet at a price-to-earnings (P/E) ratio of approximately 22.9. This calculation uses a reported earnings per share figure of 25.80 yen.

The next significant event for investors is the forthcoming full-year 2025 financial report, expected around mid-February. Key areas of focus will include:
- The performance of Bitcoin-related revenue streams
- The growth and management of Bitcoin reserves on the balance sheet
- Potential updates on the future use of share buybacks and Bitcoin-linked financing models

From a technical analysis perspective, the share price has recently been in a consolidation phase following substantial swings in the previous year. The completed buyback and the unequivocally communicated Bitcoin strategy set the stage for how the market will assess the upcoming annual results and new details on treasury development.