On October 31, 2025, the Tokyo-listed company Metaplanet secured a $100 million loan, using its substantial Bitcoin holdings as collateral. This strategic move provides the company with fresh capital to pursue its ambitious goals without needing to sell any of its Bitcoin.
A Conservative and Strategic Financing Move
Metaplanet obtained this $100 million loan from a larger, pre-established $500 million credit facility. The company emphasized that its approach is financially conservative. The loan is secured by only about 3% of its massive Bitcoin treasury, which currently stands at 30,823 BTC, valued at approximately $3.5 billion. This provides a significant buffer to withstand market volatility without risking a collateral call. The loan carries an interest rate based on a standard U.S. dollar benchmark plus a spread and, importantly, has no fixed maturity date, allowing Metaplanet to repay it at any time.
Deploying Capital for Growth and Value
The capital from this Bitcoin-backed loan is earmarked for three key strategic areas, showcasing a multi-faceted approach to growth and value creation.
First, a portion of the funds will be used for further Bitcoin purchases, reinforcing the company’s core strategy of accumulation. Metaplanet has set a long-term target of holding 210,000 BTC by the end of 2027.
Second, the company will expand its Bitcoin Income Business. This venture involves using capital as margin to generate option premiums, creating a steady revenue stream from its Bitcoin holdings while maintaining exposure to its potential price appreciation.
Finally, the funds may be used for share buybacks. This initiative is designed to increase the value for remaining shareholders, particularly when the company’s market value trades at a discount to the value of its Bitcoin holdings.
A Confident Bet on Bitcoin’s Future
Metaplanet’s decision to use Bitcoin as collateral for financing is a significant endorsement of the cryptocurrency’s role in corporate treasury management. It demonstrates a growing trend where companies view Bitcoin not just as a speculative asset, but as a productive financial tool that can unlock liquidity for strategic initiatives. This move allows Metaplanet to keep its “hands on the Bitcoin”, betting on its long-term value while simultaneously using it to fund immediate business expansion and reward shareholders.
By leveraging its Bitcoin in this way, Metaplanet is confidently executing its aggressive growth strategy, reinforcing its position as a leader in the corporate adoption of Bitcoin.
