Metaplanet plans to issue 52 billion yen ($329 million) in zero-coupon, euro-yen convertible bonds due in 2031. Metaplanet plans to use about 23.6 billion yen ($149 million) of net proceeds to repay Bitcoin-collateralized loans, according to a Tuesday announcement. The announcement allocates about 28.3 billion yen ($179 million) to share buybacks. The financing aims to reduce Metaplanet's reliance on Bitcoin-collateralized loans without selling any Bitcoin holdings.