On the 13th, Metaplanet announced it will issue its first euro-yen denominated convertible bonds with stock acquisition rights, expected to total 52 billion yen, with a 5-year term and a 0% interest rate. The purpose of the issuance is to replace part of its interest-bearing loans secured by Bitcoin (BTC) with long-term, unsecured, and interest-free funds.
The Bitcoin-secured interest-bearing loans targeted for replacement involve cash outflows related to interest payments, and the collateral...
