Reduction of alkynes with alkali metals in the presence of B 2 pin 2 results in diboration of alkynes. Distinct from conventional dissolving metal hydrogenations, two carbon−boron bonds and also two carbon−alkali metal bonds can be constructed in one operation to form 1,2diboryl-1,2-dimetalloalkanes. The 1,2-diboryl-1,2-dimetalloalkanes generated are readily convertible to a wide range of vicinal bis(boronate)s. In particular, oxidation of the 1,2dianionic species provides (E)-1,2-diborylalkenes, unique antiselective diboration of alkynes being thus executed.