Metaplanet debuts $380 million share buyback after stock plummets nearly 90% from peak
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Metaplanet plans to raise $329 million to refinance Bitcoin-backed loans and fund share buybacks after its stock has declined 90% from its peak.
Key facts
- 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
- As of Sept. 30, the company had approximately $649.5 million outstanding under an $800 million credit facility secured by its Bitcoin holdings
- Beyond restructuring its debt, Metaplanet also plans to allocate up to ¥28.3 billion ($179 million) of the proceeds to share repurchases as part of a newly authorized ¥60 billion ($380 million)
- The company simultaneously terminated its previous ¥75 billion ($475 million) repurchase authorization, established in October 2025, under which it had not acquired any shares
Summary
01 Metaplanet unveiled a $380 million buyback program alongside a $329 million convertible bond offering to restructure its finances. 02 The financing would reduce Bitcoin-backed loans without selling BTC, while repurchases could improve investors' Bitcoin exposure per share. 03 CEO Simon Gerovich's 55 million-share lending arrangement could enable selling pressure that offsets demand from the buyback. 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.