Metaplanet to Issue $329 Million in Convertible Bonds

Metaplanet plans to issue 52 billion yen ($329 million) in zero-coupon, euro-yen convertible bonds due in 2031. It plans to use about 23.6 billion yen ($149 million) to repay Bitcoin-collateralized loans and about 28.3 billion yen ($179 million) for share buybacks.