Metaplanet unveils $380 million share buyback after stock crashes nearly 90% from peak
Metaplanet plans to raise $329 million to refinance Bitcoin-backed loans and fund share buybacks after its stock has declined 90% from its peak. On Oct. 13, the Japanese Bitcoin treasury company announced plans to issue ¥52 billion ($329 million) in unsecured, zero-coupon Euro-yen convertible bonds due in 2031. Expected to close on Oct. 29, the… Read the full story on CryptoSlate Understand the…
Metaplanet, a Japanese Bitcoin treasury company, announced a $380 million share buyback and plans to raise $329 million via zero-coupon convertible bonds due 2031 to refinance Bitcoin-backed loans. The move follows a nearly 90% decline in its stock from its peak, signaling severe stress in one of the largest corporate BTC holders. Traders should watch whether the refinancing stabilizes Metaplanet's balance sheet or forces further Bitcoin sales, which could pressure BTC prices.
