Metaplanet has announced 52 billion yen in zero-coupon euro-yen convertible bonds maturing in 2031. The financing will raise approximately 51.9 billion yen in net proceeds. Metaplanet will use approximately 23.6 billion yen to repay a Bitcoin-backed credit facility with an outstanding balance of approximately $650 million. Metaplanet will use up to 28.3 billion yen for share buybacks covering approximately 97.94 million shares, or approximately 7.1% of issued shares. The financing is a key component of Metaplanet's Project Nova strategy.