According to ChainCatcher, Japanese listed bitcoin treasury company Metaplanet announced plans to issue approximately $333 million (52 billion yen) in zero-coupon euro-yen convertible bonds maturing in 2031. Bank of America International will serve as sole bookrunner, with net proceeds of approximately $333 million to be allocated toward debt repayment and share buybacks.

As of September 30, Metaplanet held 44,000 BTC and carried credit facility borrowings of approximately $650 million, representing 17.7% of bitcoin net asset value—exceeding the company's 10% target threshold. The company intends to launch a share repurchase program on October 14.

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