Simon Gerovich said BTC yield remains Metaplanet’s key performance indicator, while share repurchases stay a possible capital allocation tool after the company’s mNAV ratio fell to 0.92x.
Metaplanet CEO Simon Gerovich said on June 9 that BTC yield is the company’s key performance indicator and that capital allocation is focused on maximizing it for shareholders. He said the company’s buyback policy, adopted on October 28, 2025, calls for active consideration of common share repurchases when the price-to-book ratio, or mNAV ratio, falls below 1.0x. Metaplanet said its mNAV ratio had fallen to 0.92x, a level it said could make buybacks accretive for shareholders, but Gerovich added that the company cannot comment on timing, status or execution before appropriate disclosure and that his remarks should not be read as signaling any current or planned buyback at a specific time.