Metaplanet: Strongly Considering Stock Buyback When mNAV is Less Than 1, Bitcoin Yield is Key Performance Metric

**June 9 News Flash: Metaplanet CEO Details Capital Allocation Focus on BTC Yield in Social Media Post** Bitcoin treasury company Metaplanet’s CEO Simon Gerovich outlined the firm’s capital allocation priorities in a June 9 social media post, stating that maximizing BTC yield is its core performance metric for shareholders. Stock buybacks are a foundational part of Metaplanet’s capital allocation policy, which was formalized on October 28, 2025. Under this policy, Gerovich noted, the company will actively consider repurchasing common shares when its price-to-book (P/B) ratio drops below 1.0x—an move designed to lift BTC yield, with lower P/B levels tied to greater potential share price upside. Buybacks remain a key tool in the company’s allocation strategy, Gerovich added, though any repurchase activity must comply with applicable insider trading rules and disclosure requirements, including guidelines around material non-public information (MNPI) and monthly public disclosure mandates. As such, Metaplanet cannot comment on specific buyback timelines, statuses, or execution details until formal, compliant disclosures are made. Gerovich stressed that the post is not meant to signal that the company is currently conducting, or plans to conduct, buybacks at any specific time.