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

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 14 Oct, 00:30 UTC

Metaplanet plans to raise $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 company announced plans to issue ¥52 billion ($329 million) in unsecured, zero-coupon Euro-yen convertible bonds…