Metaplanet plans to issue ¥52 billion in zero-interest convertible bonds maturing in 2031 to repay ¥23.6 billion of Bitcoin-backed debt and allocate up to ¥28.3 billion for share repurchases. The bonds, led by Merrill Lynch International, will replace higher-cost Bitcoin-collateralized loans with longer-term unsecured debt, reducing borrowing costs and freeing some Bitcoin collateral. The company holds 44,000 BTC but exceeded its preferred borrowing ratio, prompting this refinancing and buyback strategy to improve shareholder value. The bonds allow conversion into shares, potentially affecting share count, and mature in October 2031.
Metaplanet's refinancing and share buyback plans provide context for cryptocurrency market trends. For readers following crypto assets, here is Pluang's market snapshot as of Oct 13, 2026 16:31 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell. ZIL dropped 6.33% to Rp62 with 82% sell orders, THETA fell 6.25% to Rp3,749 with 100% buy orders, and KSM declined 6.24% to Rp85,574 with 90% buy orders.
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