Metaplanet to Raise $329M via Convertible Bonds for Debt Management
Metaplanet plans to issue zero-coupon bonds to repay Bitcoin-backed debt and repurchase shares.
Metaplanet plans to issue zero-coupon bonds to repay Bitcoin-backed debt and repurchase shares. Bitcoin (BTC) is trading at $83,174.00. This is an original TLT brief synthesising 2 outlets (The Cryptonomist, Cointelegraph), with their figures cross-checked, plus live market data, as of Tue, 13 Oct 2026 14:00:03 UTC.
This move aims to improve Metaplanet's debt structure and reduce reliance on Bitcoin-collateralized loans while maintaining its Bitcoin holdings, potentially impacting its financial stability and shareholder value.
- Metaplanet to raise $329M through zero-coupon convertible bonds.
- Proceeds will repay Bitcoin-backed debt and repurchase shares.
- Bonds mature in 2026 with no interest payments until maturity.
- Strategy aims to increase Bitcoin backing per share.
Both The Cryptonomist and Cointelegraph report that Metaplanet plans to raise $329 million through zero-coupon convertible bonds maturing in 2026. They agree that the funds will be used to repay Bitcoin-backed debt and repurchase shares, aiming to improve the company's debt structure and increase Bitcoin backing per share. However, The Cryptonomist provides the specific bond maturity date of October 29, 2026, which is not mentioned in Cointelegraph's coverage.
Metaplanet has announced plans to raise 52 billion yen, equivalent to $329 million, through the issuance of zero-coupon convertible bonds. The bonds, which mature on October 29, 2026, will be used to repay 
Bitcoin-backed debt and repurchase shares, according to The Cryptonomist and Cointelegraph.
The offering is designed to improve the company's debt structure and reduce its reliance on Bitcoin-collateralized loans without requiring the sale of its Bitcoin holdings. This strategy aims to increase the Bitcoin backing per share, potentially enhancing shareholder value.
The Cryptonomist and Cointelegraph both confirm the $329 million figure and the use of proceeds for debt repayment and share buybacks. However, The Cryptonomist provides the additional detail of the bond maturity date, which is not mentioned in Cointelegraph's coverage.
This move comes as Metaplanet seeks to optimize its financial position and strengthen its balance sheet. By repaying Bitcoin-backed debt, the company can reduce its exposure to the volatility of cryptocurrency markets while maintaining its strategic Bitcoin holdings.
The broader crypto market remains relatively stable, with a total market cap of $2.87 trillion. Bitcoin, which is directly involved in Metaplanet's debt strategy, is currently trading at $83,214, up 0.59% in the last 24 hours but down 3.44% over the past week. The Fear & Greed Index stands at 57, indicating a state of 'Greed' among investors.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from $83,214.00 to $83,174.00 — -0.05%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.62M (about $83,174.00), up 0.4% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Metaplanet to Raise $329M via Convertible Bonds for Debt Man — questions & answers
What is the maturity date of the bonds?
The zero-coupon bonds mature on October 29, 2026.
How will the funds be used?
The funds will be used to repay Bitcoin-backed debt and repurchase shares.
Why is Metaplanet issuing these bonds?
To improve its debt structure and reduce reliance on Bitcoin-collateralized loans without selling Bitcoin holdings.
How much is 1 Bitcoin worth in naira today?
About ₦113.62M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,174.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.