MetaPlanet is borrowing against their Bitcoin to fix price collapse they caused.

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$500 million BTC-backed buybacks to push mNAV >1 - damage control, not conviction.

Retail still thinks it’s “just buying more BTC.”

MetaPlanet announced $500 million credit facility to repurchase its own shares.

The goal?

Push mNAV back above 1.0 - and save face with shareholders.

But this isn’t a buyback.
It’s damage control.

I explain.

MetaPlanet copied Strategy’s blueprint:

- Raise cash via moving-strike options
- Issue at premium to EVO …

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