Metaplanet announced a $380 million share buyback program and plans to raise $329 million through zero-coupon convertible bonds due in 2031. The bond proceeds will partly repay Bitcoin-backed loans, which currently exceed the company's 10% borrowing limit at 17.7%. The buyback aims to support the stock price after shares fell nearly 90% from their peak. CEO Simon Gerovich will lend personal shares to aid bond investor hedging, while the company targets reducing its borrowing ratio but still expects it to remain above target. The bond sale closes on October 29, and the buyback runs through October 2027.
Metaplanet's recent $380 million buyback and bond plans come amid a broader market where 13 of 50 major cryptocurrencies on Pluang rose and 36 fell as of Oct 14, 2026 16:31 WIB. Among these, BAT rose 10.30% to Rp3.496 with a typical hold time of 93 days and a Pluang order activity of 94% sell. EOS increased 8.13% to Rp12.649 with an 87-day hold time, while CRV fell 6.32% to Rp5.999 with a 62-day hold time and a 59% buy order activity on Pluang.
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