Nevertheless, I am basically satisfied with my portfolio structure for the time being.

Well, apart from $3350 (-2,51 %) . The share may slowly recover and then be sold and the proceeds invested in further growth and value companies.

$3350 (-2,51 %)
$BTC (-2,9 %)

Metaplanet has launched a share buyback program to increase capital efficiency and maximize BTC returns.

The Board of Directors also approved a credit facility* to allow for flexible execution as part of the company's capital allocation strategy.

*A credit facility is a contractually agreed credit lineprovided by a bank or financial institution to a company, a private individual or a public institution.

The loan does not not be drawn down in full immediately amount immediately - it is a flexible credit linethat can be used as required.

$MSTR (-1,88 %)

After months of strong short pressure and clear undervaluation, the company is now presenting a flexible capital strategy that will make future short attacks much more difficult.

The management of $3350 (-2,51 %) has learned from the past:

Instead of relying solely on equity issues (the classic ATM model), Metaplanet now relies on a three-stage "Bitcoin Flywheel" that can adapt to any market situation:

🟢 mNAV > 1.0: Issue new shares → buy more Bitcoin

🔴 mNAV < 1.0: Share buybacks via a USD 500 million BTC-backed credit line

⚪ Neutral / future phase: Development of non-dilutive financing instruments (e.g. preferred shares) to increase revenues from Bitcoin and other business areas

This dynamic system enables Metaplanet, counter-cyclical buy when the market is weak, issue new shares when it is strong, and never have to sell Bitcoin. never having to sell Bitcoin.

Short sellers, who used to benefit from predictable dilution, now face a capital structure based on asymmetry, flexibility and bitcoin is designed.

Last week +22% this morning in Japan again +7% due to the $BTC (-2,9 %) rise and now has $3350 (-2,51 %) again an mNAV of 1.12

Now I've even made gains on stocks $3350 (-2,51 %) of which I have little idea! 😂😂😂 It's only a mini position. However, my blockchain ETF also has a share of 11% in $3350 (-2,51 %)

Ok, silver had a pretty negative impact today. But well, not everything can go right every day.

#metaplanet
$3350 (-2,51 %)

Cost price depressed - I think due to the low NAV, the few debts and the coming seasonal strength in Bitcoin, there is a lot of room for upside here 🚀

$3350 (-2,51 %)

$3350 (-2,51 %)
$BTC (-2,9 %)

And further down it goes ?! 😁

If you want to test your psychological strength in holding a share/company you can use $3350 (-2,51 %) for this 😂

So here we go: 🫡

Last week, the Japanese Financial Supervisory Authority (FSA) reported that banks could in future $BTC (-2,9 %) could hold and trade directly.

This was previously prohibited - Japan would thus allow institutional demand in its own country for the first time.

💡 Why Metaplanet benefits:

• Only listed Bitcoin holder in Japan. With institutional demand $3350 (-2,51 %) automatically becomes a proxy for this market.
• Valuation leverage: Bitcoin in own holdings is legitimized → potential re-rating.
• Network effect: More media attention and capital interest in the domestic market.
• Asymmetrical setup: Small market value, big opportunity with structural market opening.

📅 Status:

No decision yet, implementation 2026 at the earliest. Japan is moving cautiously towards crypto integration - a step that could accelerate institutional adoption in the long term.

💭 Conclusion:

Metaplanet could go from niche value to local market leader for bitcoin exposure.

Very exciting then. If the reform goes through, it would be very good for $BTC (-2,9 %) and above all $3350 (-2,51 %) look very good.

Greetings,

Don