Metaplanet is raising 52 billion yen, or $328 million, via zero-interest bonds to restructure its debt and buy back its own shares. A major maneuver which secures its 44,000 Bitcoins without risk of liquidation.
In brief
- Metaplanet issues 52 billion yen of zero coupon convertible bonds due 2031.
- The company Metaplanet repays 23.6 billion yen of debts backed by its Bitcoin reserves.
- An amount of 28.3 billion yen is allocated to the repurchase of the company’s own shares.
- This financial strategy protects the entire war chest of 44,000 Bitcoins held.
Fundraising of 328 million yen dollars for Metaplanet
The Japanese company listed on the Tokyo Stock Exchange (TSE: 3350) continues to cause a sensation in the corporate and Bitcoin (BTC) worlds. Metaplanet officially announced the issuance of yen convertible bonds called “Euro-Yen” with zero coupon due 2031 for a total amount of 52 billion yen, or approximately $328 million. According to the extract from the official Metaplanet press release:
The issuance of these bonds aims to improve the company’s debt structure and provide financial flexibility by replacing a portion of our existing interest-bearing borrowings with long-term, unsecured, interest-free funds.
Thanks to this zero rate structure (0%), the company ensures long-term capital over 5 years without burdening its income statement with monthly interest. At the end of September 2026, the company’s treasury already amounted to 44,000 bitcoins, confirming its position as an Asian digital asset reserve giant.
Bitcoin debt repayment and stock buyback
The net revenues from this fundraising estimated at approximately 51.9 billion yen were allocated to two clear strategic objectives:
- Repayment of loans collateralized in Bitcoin (~¥23.6 billion):
Metaplanet will use approximately 23.6 billion ($149.2 million) yen starting in November 2026 to repay part of its bitcoin-backed credit line. This decision aims to bring the debt ratio below the maximum threshold of 10% of the net value of bitcoin assets held (BTC NAV).
- Massive share buyback program (~¥28.3 billion)
Between October and December 2026, up to 28.3 billion yen ($178.9 million) will be allocated to buy back treasury shares. This share buyback program allows the absorption of up to 8% of outstanding shares, a powerful lever to increase the value per share for all investors.
Why is Metaplanet’s strategy a strong signal for bitcoin?
By replacing short-term debt backed by volatility with long-term interest-free capital, Metaplanet eliminates any risk of forced sale (liquidation) of its bitcoin reserves in the event of a temporary market decline. Here is a summary of the key figures of the operation:
| Indicator / Parameter | Value & Detail |
| Total amount raised | ¥52.0 billion (~$328 million) |
| Title type | Zero coupon convertible bonds (due 2031) |
| Interest rate (Coupon) | 0.0% |
| BTC debt repayment | ~¥23.6 billion (expected in Nov 2026) |
| Repurchase of own shares | ~¥28.3 billion (up to 8% of capital) |
| Current Bitcoin reserves | 44,000 BTC (as of 09/30/2026) |
By adopting financial engineering inspired by Strategy, Metaplanet consolidates its balance sheet while protecting its 44,000 bitcoins. This restructuring plan eliminates the risk of liquidation and strengthens shareholder value in the long term.
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