According to CoinMeta, metaplanet inc has decided to issue 52 billion yen in zero-coupon convertible bonds, raising a net amount of approximately 51.9 billion yen. The funds will be used to repay a Bitcoin-backed loan of 23.6 billion yen (with a remaining balance of about 65 million US dollars) and to repurchase 28.3 billion yen worth of shares, in order to advance the project nova strategy. metaplanet currently holds 44,000 BTC and is transitioning into a Bitcoin-centric financial platform.