DeFi News Daily Official TheBitTimes.com

Metaplanet shares surged 5.5% after the company announced plans for a $500 million share buyback funded through a new credit facility. The Japan-based firm said in a statement today that its board had approved a new capital allocation policy that includes repurchasing shares, pausing equity raises when its market value falls below its Bitcoin net asset value, and optimizing its use of preferred stock. CEO Simon Gerovich said the goal is to “maximize BTC Yield and long-term corporate value.”  While a maximum of $500 million can be allocated to buy back up to about 13% of Metaplanet shares, the company said the credit facility would also provide flexibility for ” Bitcoin acquisitions, and other financing uses.” Metaplanet’s surge today extended its gain over the past week to more than 12%, according to Yahoo Finance, but it remains more than 9% down over the past month. Metaplanet share price (Source: Yahoo Finance ) Metaplanet Plans New Cap...

US President Donald Trump’s son, Eric Trump, was expected to attend a Metaplanet shareholders meeting today as the company prepares to vote on an $884 million capital raise to expand its Bitcoin holdings. That’s after the company announced its latest Bitcoin buy today of 1,009 BTC for about $112 million, pushing its BTC holdings to 20K. That made the company t he sixth-largest corporate Bitcoin holder, overtaking Riot Platforms, data from Bitcoin Treasuries shows.  Trump To Attend Metaplanet Vote As Declining Share Price Puts Pressure On BTC Funding The shareholders meeting will focus on whether the company should sell up to 550 million new shares to overseas investors. Should the move get approved, it could see Metaplanet raise about $884 million to bolster its already-large BTC reserves.  Metaplanet has already said that a bulk of those proceeds will be used to purchase more BTC.  The efforts to raise capital from offshore investors come as Metaplanet...