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      Metaplanet Secures $328 Million Through Euro-Yen Convertible Bonds for Debt Reduction and Share Buybacks

      Metaplanet, a Bitcoin treasury firm listed in Tokyo, has announced the issuance of zero-coupon Euro-Yen convertible bonds to raise approximately ¥52 billion, equivalent to $328 million. The funds will be utilized to repay Bitcoin-backed loans and repurchase shares, with the bond offering officially announced on October 13, 2026. The bonds, which mature on October 29, 2031, are being issued at 102.5% of par value, indicating strong investor interest despite the absence of interest payments.

      The company plans to allocate around ¥23.6 billion, or $151 million, to reduce its Bitcoin-backed credit facilities, which currently total approximately $650 million. This repayment is part of a broader strategy to optimize its balance sheet and reduce its leverage ratio, which currently exceeds its target of 10%. Additionally, Metaplanet intends to buy back up to ¥28.3 billion worth of shares, representing about 7.1% of its outstanding stock, as part of a larger repurchase program that allows for up to ¥60 billion in stock buybacks through October 2027.

      This bond issuance is part of Metaplanet's initiative, referred to as 'Project Nova,' aimed at transforming the company from merely holding Bitcoin into a comprehensive Bitcoin-centric financial platform. By reducing the number of shares outstanding while maintaining its Bitcoin holdings, each remaining share will represent a larger portion of the company's Bitcoin assets, thereby enhancing shareholder value. The closing of the bond deal and its listing on the Singapore Exchange are scheduled for October 29, 2026.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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