Metaplanet Launches $329M Convertible Bonds to Cut Bitcoin Loan Reliance

TL;DR Metaplanet will issue $329 million in zero-interest convertible bonds maturing in 2031 to restructure its debt and finance share buybacks. The company will allocate approximately $149 million to repay Bitcoin-backed loans and another $179 million to repurchase shares. Metaplanet holds 44,000 BTC, worth approximately $3.6 billion, and aims to reduce its debt without selling ... Read more

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