The alkaline earth metals (M=Mg, Ca, Sr, and Ba) exhibit a +2 oxidation state in nearly all known stable compounds, but MI dimeric complexes with M-M bonding, [M2 (en)2 ]2+ , (en=ethylenediamine) of all these metals can be stabilized within the galleries of donor-type graphite intercalation compounds (GICs). These metals can also form GICs with more conventional metal (II) ion complexes, [M(en)2 ]2+ . Here, the facile interconversion between dimeric-MI and monomeric-MII intercalates upon the addition/removal of en are reported. Thermogravimetry, powder X-ray diffraction, and pair distribution function analysis of total scattering data support the presence of either [M2 (en)2 ]2+ or [M(en)2 ]2+ guests. This phase conversion requires coupling graphene and metal redox centers, with associated reversible M-M bond formation within graphene galleries. This chemistry allows the facile isolation of unusual oxidation states, reveals M0 →M2+ reaction pathways, and present new opportunities in the design of hybrid conversion/intercalation materials for applications such as charge storage.