Metaplanet plans ¥52B convertible bond offering to cut bitcoin-backed debt and buy back shares
Metaplanet announced plans to issue ¥52 billion in zero-coupon Euro-Yen convertible bonds maturing in 2031, using proceeds to pay down bitcoin-backed credit facilities and fund share buybacks.
Metaplanet Inc. plans to raise ¥52 billion through zero-coupon Euro-Yen denominated convertible bonds due in 2031, an offering valued across reports between $328 million and $329 million. The company announced that proceeds from the issuance will go toward repaying debt and funding share repurchases.[1][2][3][4][5][8]
According to official offering details, Metaplanet plans to allocate approximately ¥23.6 billion—roughly $149 million—to pay down borrowings under a bitcoin-collateralized credit facility. Up to approximately ¥28.3 billion (reported by CoinDesk as up to $179 million) will be designated for company share buybacks. Metaplanet previously secured a credit facility of up to $800 million, with roughly $649.5 million outstanding as of September 30, 2026.[1][3]
The corporate treasury held 44,000 BTC at the end of September 2026. Metaplanet disclosed that its outstanding borrowing ratio relative to its bitcoin net asset value had climbed to approximately 17.7%, surpassing its internal ceiling guideline of 10%. The five-year zero-interest bond structure aims to optimize the firm's balance sheet, restore financial flexibility, and lower leverage without selling any of its bitcoin reserves.[3][4][6][7][8]
Key facts
- Metaplanet is issuing ¥52 billion (valued between $328 million and $329 million) in zero-coupon Euro-Yen convertible bonds due in 2031.
- Approximately ¥23.6 billion (around $149 million) of the proceeds will be used to pay down borrowings under a Bitcoin-collateralized credit facility.
- Up to approximately ¥28.3 billion (up to $179 million) from the proceeds is earmarked for repurchasing company shares.
- Metaplanet held 44,000 BTC as of the end of September 2026.
- Metaplanet's borrowing-to-Bitcoin NAV ratio stood at approximately 17.7% on September 30, 2026, exceeding its target policy threshold of 10%.
- The bond issuance allows the company to reduce reliance on Bitcoin-collateralized loans without selling its Bitcoin holdings.
Sources · 7 sources
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CoinDesk@CoinDeskPost on X ·
LATEST: Metaplanet plans to raise $328.5 million through convertible bonds to repay bitcoin-backed debt and fund share buybacks. The company plans to use roughly $149 million to repay debt and up to $179 million for buybacks. https://t.co/PalriAELZ6
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Cointelegraph@CointelegraphPost on X ·
🇯🇵 NEW: Metaplanet to issue $329M in zero-interest convertible bonds due 2031 to repay Bitcoin-backed loans and fund share buybacks. https://t.co/EwSvtMjR4T
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CoinGape@CoinGapeMediaPost on X ·
🚨 #Metaplanet Raises ¥52B Through Bonds @Metaplanet plans to use ¥23.6B to repay debt and up to ¥28.3B for share #buybacks, while holding 44,000 $BTC. 🔗 Know more in comments
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Crypto Briefing@Crypto_BriefingPost on X ·
💥NEW: Metaplanet plans to raise $328 million through zero-coupon convertible bonds to repay Bitcoin-backed debt and repurchase shares. https://t.co/Xjo11UyQZE
Open source - CO
CoinGape@CoinGapeMediaPost on X ·
🇯🇵 JUST IN: @Metaplanet plans to issue ¥52 billion in zero-interest convertible bonds due in 2031 to repay Bitcoin-backed loans and fund share buybacks. https://t.co/BAfkXPar4T
Open source - CT
Coin TelegraphArticle ·
Metaplanet to issue $329M convertible bonds to pay debt, fund share buybacks Metaplanet plans to issue zero-interest bonds with a five-year maturity to improve its debt structure and cut its reliance on Bitcoin-collateralized loans without selling holdings.
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CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Metaplanet is raising $329 million through zero-interest convertible bonds to restructure its debt and fund share buybacks. The bonds have a five-year maturity, and the company wants to reduce its reliance on Bitcoin-backed loans without selling its BTC holdings. Metaplanet is looking to improve its financial position while keeping its long-term Bitcoin strategy intact. The key question is how effectively it can manage its debt while continuing to build its Bitcoin treasury.
Open source - CB
Crypto BriefingArticle ·
Metaplanet plans $328M bond sale to cut Bitcoin-backed debt and buy back shares Metaplanet's bond strategy aims to optimize its balance sheet, potentially enhancing shareholder value and evolving its financial platform. The post Metaplanet plans $328M bond sale to cut Bitcoin-backed debt and buy back shares appeared first on Crypto Briefing .
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