Metaplanet Secures $100 Million Loan to Expand Bitcoin Holdings

Metaplanet Inc. has recently secured a substantial $100 million loan by leveraging its Bitcoin assets. The Tokyo-listed firm aims to utilize these funds for further Bitcoin acquisitions and to bolster its operational activities.

According to reports, this loan was finalized on October 31 and constitutes approximately 3% of Metaplanet's total Bitcoin holdings. As of late last month, the company possessed around 30,823 BTC, which translates to a valuation between $3.3 billion and $3.5 billion.

The identity of the lender has not been disclosed, but the loan features a floating interest rate linked to benchmarks of the US dollar plus an additional spread.

Metaplanet has articulated that the loan proceeds will primarily be allocated toward acquiring more Bitcoin and enhancing revenue-generating initiatives related to its existing holdings.

In addition, the company is executing a ¥75 billion share buyback program, which amounts to roughly $500 million. Reports suggest that management believes that leveraging its Bitcoin assets will allow the firm to fortify its market position without the need to offload any of its current investments.

Industry analysts view this move as part of a broader trend where companies are starting to perceive Bitcoin as a treasury asset rather than merely a speculative venture. However, this strategy comes with inherent risks. A significant decline in Bitcoin's price could diminish the value of the collateral, potentially necessitating additional collateralization or the unwinding of part of Metaplanet's position.

Despite the $100 million loan being a minor fraction of its total Bitcoin valuation, critics have raised concerns that incorporating debt into a volatile asset structure could introduce financial strain. Furthermore, reports have indicated instances where Metaplanet's market valuation dipped below that of its Bitcoin holdings, hinting at a lack of investor confidence.

Still, Metaplanet remains committed to diversifying its income avenues. The company is actively investigating options trading in Bitcoin, aiming to generate returns that exceed mere price appreciation.

Metaplanet has just tapped a $100 million loan from their credit facility. This represents about 3% of their Bitcoin value. I’d imagine it is to prepare for share buybacks at a potential sub 1.0 mNAV… or they’re looking to BUY THE DIP! :) pic.twitter.com/KWe3C7tXtS

— Adam Livingston (@AdamBLiv) November 5, 2025

As Metaplanet continues to navigate the complex landscape of cryptocurrency investments, its latest moves reflect a strategic commitment to Bitcoin as a central asset. With plans to expand its holdings and engage in share buybacks, the company is poised to strengthen its market position. However, the inherent risks associated with leveraging volatile assets remain a critical point of discussion among analysts and investors alike.