Metaplanet plans $329M convertible bond issuance
CIE News ·
Metaplanet announced plans to issue $329 million in five-year, zero-interest convertible bonds to pay off debt and fund share buybacks without selling its Bitcoin reserves.
Metaplanet has announced plans to issue $329 million in zero-interest convertible bonds maturing in five years, according to Cointelegraph on October 13, 2026. The company intends to allocate $149 million from the issuance to pay off Bitcoin-collateralized loans and use $179 million for share repurchases. The initiative is designed to refine Metaplanet's debt profile and decrease its dependence on loan collateral without selling its existing Bitcoin (BTC) holdings.