Metaplanet, a Tokyo-based investment firm known for its aggressive Bitcoin accumulation strategy, has secured a $100 million (approximately ¥15.3 billion) loan by collateralizing its Bitcoin holdings.
The move, announced on October 31, underscores the company’s deepening commitment to its “Bitcoin Treasury Strategy,” which aims to accumulate 210,000 BTC by the end of 2027.
According to Metaplanet, the funds will primarily be used to purchase additional Bitcoin, strengthen its income-generating business, and potentially execute share buybacks depending on market conditions.
The latest borrowing represents roughly 3% of the company’s Bitcoin holdings, which stood at 30,823 BTC as of October 31.
The company emphasized that the loan structure maintains a comfortable collateral margin, even in the event of a market downturn. Management reiterated its policy of avoiding excessive leverage and borrowing only within limits that preserve long-term financial stability.
A portion of the newly raised capital will support Metaplanet’s “Income Business,” a division focused on generating steady revenue by creating and selling cash-secured Bitcoin options.
These products allow the firm to earn premiums while holding Bitcoin, partially offsetting risks associated with market volatility. The business is expected to post revenues of ¥2.44 billion in the third quarter of 2025, a 3.5-fold increase from ¥690 million a year earlier.
Metaplanet also left the door open for share buybacks as part of a ¥75 billion authorization established at the end of October. The company described this measure as a way to enhance shareholder returns and maintain flexibility amid shifting market dynamics.
The $100 million loan is part of a broader $500 million (approximately ¥76.4 billion) credit facility announced on October 28. The lender has not been disclosed, and the facility carries no fixed maturity, giving Metaplanet the freedom to repay at any time.