Metaplanet unveils $380 million share buyback after stock crashes nearly 90% from peak

Metaplanet announced a share buyback of up to $380 million after its stock fell nearly 90% from its peak. The move is aimed at supporting the share price and improving shareholder value, though it does not reverse the losses already incurred. For Bitcoin, the buyback highlights the pressure on publicly traded companies whose valuations are closely tied to BTC holdings and market sentiment.