Metaplanet has fully redeemed ¥2 billion (13.69m) of zero-coupon ordinary bonds. Metaplanet now holds 4,206 BTC worth ¥46.81b (320.6m) against ¥3.75b (25.65m) of outstanding bonds. After partially deleveraging, Metaplanet’s BTC Rating (BTC NAV / Debt), now stands at 12.48x.