Metaplanet to Issue $329M Convertible Bonds to Pay Debt, Fund Share Buybacks
The financing will repay Bitcoin-backed loans and fund buybacks, with up to 97.94 million shares targeted under the repurchase plan, the filing said.
- On Tuesday, Tokyo-listed Metaplanet announced plans to issue 52 billion yen in zero-coupon convertible bonds due in 2031 to refinance Bitcoin-collateralized debt and fund share repurchases.
- Reducing reliance on Bitcoin-collateralized loans is central to this strategy, as Metaplanet holds 44,000 BTC as its primary treasury reserve asset and faces mounting leverage constraints.
- Metaplanet expects approximately 51.9 billion yen in net proceeds, allocating 23.6 billion yen toward debt repayment and up to 28.3 billion yen for share repurchases through the Tokyo Stock Exchange's ToSTNeT-3 system.
- These buybacks aim to increase Bitcoin backing per remaining share, occurring as Metaplanet's share price closed 1.5% lower on Tuesday, extending a 52.6% 12-month decline.
- Beginning November 12, 2026, investors may convert bonds into shares through October 15, 2031, supporting the company's policy to maintain Bitcoin-backed borrowing below 10% of net asset value.
14 Articles
14 Articles
Cointelegraph
Metaplanet to Issue $329M Convertible Bonds to Pay Debt, Fund Share Buybacks
Metaplanet will issue $329 million in zero-interest bonds to repay $149 million of Bitcoin-collateralized loans and spend $179 million on share buybacks.
Metaplanet Plans ¥52B Zero-Interest Convertible Bond Due 2031
Metaplanet has announced plans to issue ¥52 billion in zero-interest convertible bonds due 2031, a proposed capital raise that would rank among the Japanese Bitcoin holding company’s largest financing moves to date. The proposed bonds carry no stated coupon, meaning holders receive no periodic interest payments under the terms of the instrument. The maturity date is set for 2031, giving the structure a multi-year runway before repayment obligati…
Metaplanet Plans $329 Million Bond Sale to Repay Bitcoin-Backed Loans
Metaplanet is raising ¥52 billion ($329 million) through zero-coupon convertible bonds, using the financing to reduce Bitcoin-backed borrowing and repurchase shares rather than add to its 44,000 BTC treasury. The Tokyo-listed company expects approximately ¥51.9 billion in net proceeds from the Euro-yen convertible bonds due in 2031. Around ¥23.6 billion will repay borrowings in November, while as much as ¥28.3 billion will fund share repurchases…
Metaplanet Launches $329M Convertible Bonds to Cut Bitcoin Loan Reliance
TL;DR Metaplanet will issue $329 million in zero-interest convertible bonds maturing in 2031 to restructure its debt and finance share buybacks. The company will allocate approximately $149 million to repay Bitcoin-backed loans and another $179 million to repurchase shares. Metaplanet holds 44,000 BTC, worth approximately $3.6 billion, and aims to reduce its debt without selling ...
The Japanese company Metaplanet is taking a new step in its financial strategy. By issuing 52 billion yen ($~328 million) of zero-coupon convertible bonds, the company intends to restructure its debt and redeem its own shares without selling its Bitcoins. The Metaplanet article raises $328 million to strengthen its Bitcoin strategy has appeared first on Cointribune.
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