Metaplanet raises $328M through Euro-Yen convertible bond

Metaplanet: Metaplanet is a Tokyo-listed Japanese company that has positioned itself as a leading corporate Bitcoin treasury holder while expanding into Bitcoin-centered financial services. It operates with a capital allocation approach that prioritizes its core Bitcoin holdings alongside targeted investments in income generation, acquisitions, and asset management. In the context of this news, the company is using a new convertible bond issuance to manage existing Bitcoin-backed debt and execute share repurchases aimed at improving per-share Bitcoin exposure and capital efficiency. Strategic Shift: The company has recently updated its capital allocation policy to dedicate a minority portion of assets to income-generating investments and acquisitions while keeping the large majority in Bitcoin holdings. Financing Approach: Metaplanet is issuing its first zero-coupon Euro-Yen convertible bonds as part of efforts to optimize its capital structure without allocating proceeds to additional Bitcoin acquisitions.