Metaplanet unveils $380 million share buyback after stock crashes nearly 90% from peak

Metaplanet plans to lift $329 million to refinance Bitcoin-backed loans and fund share buybacks after its stock has declined 90% from its peak. On Oct. 13, the Japanese Bitcoin treasury firm introduced plans to challenge ¥52 billion ($329 million) in unsecured, zero-coupon Euro-yen convertible bonds due in 2031. Expected to shut on Oct. 29, the…

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