Metaplanet has received a $100 million loan for its Bitcoin holdings and hopes to use the funds to buy more Bitcoin to support its business.
The Tokyo-listed company reportedly disbursed the loan in late October based on an existing credit facility, demonstrating its continued commitment to Bitcoin as a core asset.
more bitcoin
The borrowing was completed on October 31st and represents approximately 3% of Metaplanet’s total Bitcoin holdings, according to the report. The company currently holds approximately 30,823 BTC, worth between $3.3 billion and $3.5 billion at the end of last month.
The lender’s identity has not been disclosed, but the loan carries a variable interest rate tied to a U.S. dollar benchmark and an additional spread.
Source: Fortune · Getty ImagesMetaplanet just took out a $100 million loan from its own credit facility.
This equates to about 3% of Bitcoin’s value.
I think this is probably to prepare for a share buyback that could drop below 1.0 mNAV…
…or maybe you’re looking to buy some dip!
— Adam Livingston (@AdamBLiv) November 5, 2025
Balance sheet planning and stock buybacks
Metaplanet has indicated that the funds will be used to acquire more Bitcoin and support revenue generation strategies related to its holdings.
The company also has a stock buyback plan of 75 billion yen, totaling about $500 million. Based on the report, management believes that by borrowing against Bitcoin, it can strengthen its position without selling existing assets.
Bitcoin as a financial asset
Analysts say the move reflects a growing trend among companies to treat bitcoin as a financial asset rather than just a speculative investment, but it clearly comes with risks.
If the price of Bitcoin plummets, the value of the collateral will decrease, potentially forcing the company to add collateral or liquidate some of its positions.
While $100 million is a small portion of Bitcoin’s total value, critics say adding debt to a shaky balance sheet will create financial stress.
The report also highlighted that Metaplanet’s market value was sometimes lower than the valuation of the Bitcoin it holds, indicating weak investor sentiment.
Still, the company continues to explore revenue-generating schemes like Bitcoin options trading to generate profits that exceed price increases.
Image: FXLeaders
Deep trust in cryptography
Market players are now focused on how quickly the company will use the borrowed funds to purchase additional cryptocurrencies, and whether further borrowing will follow.
Changes in Bitcoin market prices and potential guidance from Japanese regulators may also influence future decisions.
For now, the $100 million loan is a bold statement of Metaplanet’s deep belief in Bitcoin, and could set an example for other companies looking to raise funds backed by the cryptocurrency.
Featured image from Unsplash, chart from TradingView
