Metaplanet Shares Approach Critical Technical Juncture

Metaplanet’s stock appears to be reaching a pivotal technical moment following an extended period of downward pressure. Market participants are watching closely as the shares attempt to establish a sustainable reversal, though significant resistance still lies ahead.

Substantial corporate developments are reinforcing the technical picture. The company has authorized a share buyback initiative covering as many as 150 million shares, representing a considerable portion of its total outstanding equity.

This strategic move coincides with Metaplanet’s ongoing aggressive Bitcoin treasury accumulation, which continues to serve as the primary catalyst for both valuation and price volatility. However, the recent retreat from yearly peaks has placed strain on the company’s Read more...