- Metaplanet redirected ¥8 billion of financing from debt repayment into Bitcoin purchases after paying off ¥8 billion of non-interest-bearing bonds early using cash.
- Metaplanet’s share buyback has reached 42% of its ¥60 billion cap.
- An MSCI decision due November 11 could add pressure by cutting the stock from major indexes after November 30.
Metaplanet (TYO: 3350) confirmed early cash repayment of its ¥8 billion in bonds on Monday, a move that frees a corresponding amount of money to fund the firm’s Bitcoin accumulation plans.
The leading Japanese corporate Bitcoin holder has now reached 42% capacity on the ¥60 billion planned for share buybacks.
Metaplanet frees funds for Bitcoin buying
In its November 2, 2026 disclosure, Metaplanet told the Tokyo Stock Exchange that it used cash on hand to retire its entire 20th Series of Ordinary Bonds ahead of their April 23, 2027 maturity date. The notes carried a principal of ¥8 billion, paid no interest, and were held by EVO FUND.
Metaplanet paying off the debt early means that the Gerovich-led firm has freed up an equal amount of money that it can now use to purchase Bitcoin.
Adding the ¥8 billion the firm freed up today to its ¥25.4 billion planned Bitcoin purchase line takes the financing to ¥33.4 billion. The overall total holds steady at ¥37.1 billion, according to the filing.
Notably, Metaplanet noted in a separate November 2 disclosure that it did not exercise anything from its 27th series rights in October, with 947,300 still outstanding. The larger Bitcoin allocation is a plan, not cash already deployed.
Share buyback program has reached 42% of its cap
The stock repurchase program, greenlit by Metaplanet’s board on October 13, 2026, allows the firm to spend up to ¥60 billion on its own stock or buy up to 200 million shares through October 13, 2027.
The firm had a fast start in October, per its latest disclosure, spending ¥25,269,031,500 on 96,447,400 shares between October 14 and 31. That comes up to about 42% of the approved capital.
Metaplanet shot out of the gates on October 14, spending about ¥19.31 billion on 73.98 million shares at ¥261 per unit.
Metaplanet’s debt management strategy
Cryptopolitan reported that Metaplanet has been combining its buybacks and bond work as part of a wider deleveraging structure. CEO Simon Gerovich confirmed that the ¥52 billion that the firm is raising through zero-coupon convertible bonds with an October 29, 2031 maturity date will not be used to buy BTC. Rather, the funds will be used to repay Bitcoin-backed loans and fund stock buybacks.
Metaplanet is under pressure on the 44,000 BTC stash it built at an average cost basis of nearly $99,000 per token. Bitcoin trades closer to $78,000 as of November 2.
Today’s ¥8 billion reallocation touches the stock-acquisition-rights pool, a separate bucket from the convertible bond proceeds.
In the meantime, Metaplanet will have one eye on MSCI’s November 11 list, which will confirm whether it will be removed from MSCI’s global equity benchmarks alongside Michael Saylor’s Strategy (NASDAQ: MSTR).
Markets have not reacted very hot to the latest Metaplanet disclosures, with MTPLF stock down nearly 10% on the day, per Google Finance data.
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FAQs
Why did Metaplanet redeem its 20th series bonds early?
It retired the ¥8 billion of non-interest-bearing bonds using cash on hand, which removed the need to set aside stock-acquisition-rights proceeds to repay them, according to its November 2, 2026 filing.
How much of its buyback program has Metaplanet used?
By October 31 the company had acquired 96,447,400 shares for ¥25,269,031,500, about 42% of the ¥60 billion program its board approved on October 13, 2026.
Is Metaplanet using the money to buy more Bitcoin?
The reallocation adds ¥8 billion to the stock-acquisition-rights Bitcoin purchase line, now ¥33,422 million, but the separate ¥52 billion convertible bond remains earmarked for loan repayment and share buybacks rather than Bitcoin.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
