Metaplanet Locks In a $333 Million Bond, This Time to Pay Down Debt Instead of Buying Bitcoin

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Metaplanet, the Tokyo-listed company that has built one of the largest corporate bitcoin treasuries outside the United States, disclosed on October 14, 2026 that it had finalized the terms of a new zero-coupon convertible bond denominated in euro-yen, carrying stock acquisition rights and maturing in 2031. The bond, sized at approximately ¥52 billion, or roughly $333 million at prevailing exchange rates, will be issued at 102.5% of par and listed on the Singapore Exchange, following a structure the company first proposed in a preliminary notice one day earlier on October 13.