Metaplanet has announced a share buyback program aimed at repurchasing 13% of its shares, supported by a $500 million credit facility. The company’s decision to initiate the buyback program is part of its strategy to enhance shareholder value. By utilizing the credit facility, Metaplanet seeks to effectively manage its capital structure while demonstrating confidence in its long-term growth prospects. The buyback program is expected to provide liquidity and potentially improve earnings per share for existing shareholders.
