🚨 Metaplanet CEO Simon Gerovich says it may consider share buybacks to boost Bitcoin yield when mNAV falls below 1.0x.
BTC Yield is our primary KPI, and our capital allocation is focused on maximizing it for shareholders. Share buybacks are a core element of our Capital Allocation Policy (established October 28, 2025). As disclosed, when mNAV is below 1.0x we will strongly consider repurchasing common shares to maximize BTC Yield, and the lower the mNAV, the greater the potential accretion.
Buybacks remain a key tool in our Capital Allocation Policy. Of course, any repurchase must comply with applicable insider trading and disclosure rules, including MNPI restrictions and required monthly disclosure. We therefore cannot comment on the specific timing, status, or implementation of any repurchase before appropriate disclosure.
This statement should not be interpreted as an indication that we are currently conducting, or will conduct, buybacks at any specific time.