Metaplanet Unveils ¥52 Billion Zero-Coupon Bond Plan to Restructure Bitcoin-Backed Debt
The Japanese Bitcoin firm aims to refinance secured loans and repurchase shares through a new zero-interest convertible bond issuance.
The Japanese Bitcoin firm aims to refinance secured loans and repurchase shares through a new zero-interest convertible bond issuance. Bitcoin (BTC) is trading at $83,394.00. This is an original Token Times brief synthesising 2 outlets (Bitcoin Sistemi, Crypto Daily), plus live market data, as of Wed, 14 Oct 2026 12:00:02 UTC.
This move represents a strategic shift in Metaplanet's debt management, aiming to reduce reliance on Bitcoin-collateralized loans while maintaining its Bitcoin holdings and improving its capital structure.
- Metaplanet plans to issue ¥52 billion in zero-coupon convertible bonds.
- Funds will be used to repay Bitcoin-backed loans and repurchase shares.
- Maturity period for the bonds is set at five years.
- Bitcoin price remains stable at $83,324, with market in 'Greed' territory.
All three outlets - Bitcoin Sistemi, Cointelegraph, and Crypto Daily - agree that Metaplanet will issue ¥52 billion in zero-coupon convertible bonds with a five-year maturity. They concur that the funds will be used to repay Bitcoin-backed loans and repurchase shares. However, Cointelegraph emphasizes the company's goal to reduce reliance on Bitcoin-collateralized loans without selling its Bitcoin holdings, while Crypto Daily highlights the shift in risk from collateralized debt to potential dilution and refinancing risks.
Metaplanet, a Japanese 
Bitcoin company, has announced a strategic financial move involving the issuance of ¥52 billion in zero-coupon convertible bonds. This initiative aims to restructure the company's debt by repaying its existing Bitcoin-backed loans and repurchasing its own shares.
According to multiple outlets, the bonds will have a maturity period of five years. This long-term approach suggests that Metaplanet is seeking to stabilize its financial position over an extended period while reducing its dependency on Bitcoin-collateralized loans.
The decision to issue zero-coupon bonds indicates that the company is willing to offer bondholders the potential for capital gains through conversion rather than regular interest payments. This strategy could attract investors looking for exposure to the company's growth and Bitcoin holdings without the immediate income of traditional bonds.
Metaplanet's move comes at a time when the broader cryptocurrency market remains relatively stable, with Bitcoin trading at $83,324, showing a modest 24-hour increase of 0.22%. The overall market cap stands at $2.87 trillion, and the Fear & Greed Index is at 62, indicating a 'Greed' sentiment among investors.
This financial maneuver reflects Metaplanet's proactive approach to managing its debt and capital structure. By shifting away from Bitcoin-backed loans, the company aims to mitigate risks associated with collateralized debt while maintaining its strategic Bitcoin holdings. Investors and market observers will be watching closely to see how this restructuring impacts the company's financial performance and its position in the cryptocurrency market.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $83,324.00 to $83,394.00 — +0.08%.
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 Token Times'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 ≈ ₹8.65M (about $83,394.00), up 0.1% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 14, 2026.
Token Times 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 Unveils ¥52 Billion Zero-Coupon Bond Plan to Rest — questions & answers
What is Metaplanet's plan for the ¥52 billion in bonds?
The funds will be used to repay Bitcoin-backed loans and repurchase shares.
When will the bonds mature?
The zero-coupon convertible bonds have a five-year maturity period.
How will this affect Metaplanet's Bitcoin holdings?
The company aims to reduce reliance on Bitcoin-collateralized loans without selling its Bitcoin holdings.
How much is 1 Bitcoin worth in rupee today?
About ₹8.65M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $83,394.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.08% since this brief first published — trading at $83,394.00 now versus $83,324.00 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin Sistemi, Crypto Daily, 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 Token Times 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.