Metaplanet

Bitcoin

Metaplanet will issue 52 billion yen ($329 million) in zero-coupon, euro-yen convertible bonds due in 2031.
Japanese investment and Bitcoin treasury company plans to use about 23.6 billion yen ($149 million) of the net proceeds to repay Bitcoin-collateralized loans and about 28.3 billion yen ($179 million) for share buybacks, according to a Tuesday <a href="https://contents.xj-storage.jp/xcontents/33500/8841083a/4cc3/48ab/9277/945e6a6dae59/140120261013550010.pdf" rel="noopener noreferrer nofollow">announcement</a>.
The buybacks are part of Metaplanet’s new share repurchasing program, which targets up to 60 billion yen ($380 million) in total buybacks.
The proceeds seek to improve the treasury company’s debt structure by reducing its reliance on Bitcoin-collateralized loans without selling any Bitcoin (BTC) holdings. Metaplanet ranks as the second-largest Bitcoin treasury firm, with 44,000 BTC in total holdings, worth $3.6 billion, according to <a href="https://bitcointreasuries.net/public-companies/metaplanet" rel="noopener noreferrer nofollow">BitcoinTreasuries</a>.
Metaplanet’s share price closed 1.5% lower in Tokyo on Tuesday, adding to its 52.6% 12-month slide, <a href="https://finance.yahoo.com/quote/3350.T/" rel="noopener noreferrer nofollow">according</a> to Yahoo Finance.
Earlier this month, <a href="https://cointelegraph.com/news/metaplanet-net-income-strategy-bitcoin-accumulation" rel="noopener noreferrer nofollow">Metaplanet revealed a</a> revised capital allocation framework proposing to allocate up to 15% of total assets to strategic investments to fund its Bitcoin accumulation and dividend payments.
In September, management <a href="https://cointelegraph.com/news/metaplanets-executive-stock-pool-backlash-ceo-mmxx-ties" rel="noopener noreferrer nofollow">drew shareholder criticism</a> for expanding Metaplanet’s Series 10 executive stock option pool almost sevenfold. On Sept. 11, the Tokyo-based company shared plans to cut the<a href="https://cointelegraph.com/news/metaplanet-executive-stock-pool-hong-kong-subsidiary" rel="noopener noreferrer nofollow"> stock pool by 41%</a> by<a href="https://www.release.tdnet.info/inbs/ek/140120260911535363.pdf" rel="noopener noreferrer nofollow"> reducing</a> the number of potential shares underlying the rights by 131.3 million, from 319.464 million to 188.19 million, the level before its September 2025 international share offering.&nbsp;
Related: <a href="https://cointelegraph.com/news/metaplanet-buys-2823-btc-surpasses-43000-bitcoin-holdings" rel="noopener noreferrer nofollow">Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings</a>&nbsp;&nbsp;

Metaplanet to issue $329M convertible bonds to pay debt, fund share buybacks

Cointelegraph

Other articles published on Oct 13, 2026

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