Metaplanet issued 52 billion yen in zero-coupon convertible bonds to repay Bitcoin-collateralized loans and repurchase shares.

Japan’s largest Bitcoin treasury company Metaplanet has announced the issuance of zero-coupon euro-yen convertible bonds with a total value of 52 billion yen, maturing on October 29, 2031. Of the total proceeds, 23.6 billion yen will be used to repay borrowings under a Bitcoin-backed credit facility, while up to 28.3 billion yen will be allocated to repurchase the company’s own shares through channels including ToSTNeT-3. The firm stressed that the funds will not be directly used to add to its B

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