Here is what the page “Metaplanet to Issue $329M Convertible Bonds to Cut Debt, Fund Share Buybacks” contains. Japanese investment firm Metaplanet announced plans to issue zero-interest convertible bonds worth approximately $329 million (¥50 billion) with a five-year maturity. The proceeds will be used to repay existing debt and fund share buybacks, as the company seeks to improve its balance sheet and reduce reliance on Bitcoin-collateralized loans without selling its digital asset holdings. The move comes as Metaplanet, often dubbed 'Asia's MicroStrategy,' continues to expand its Bitcoin treasury, currently holding over 2,000 BTC.
By refinancing through convertible bonds, the firm aims to lower financing costs and avoid forced liquidation risks associated with crypto-backed borrowing. The bond issuance is subject to market conditions and shareholder approval, with details on conversion price and allocation to be determined later. This listing links straight to the original page, where the content is available in full.