According to Cointelegraph, Metaplanet intends to issue convertible bonds valued at $329 million. The bonds will have zero interest and a five‑year maturity. Metaplanet says the issuance aims to improve its overall debt structure and reduce dependence on Bitcoin‑collateralized loans. It also plans to use proceeds for share buybacks.
The company describes the bonds as “zero‑interest” with a “five‑year maturity.” By issuing the bonds, Metaplanet seeks to address its current debt profile and lessen reliance on loans that are secured by Bitcoin holdings. Funding from the bond proceeds will be allocated toward repurchasing shares.
