Tokyo-listed Bitcoin treasury agency Metaplanet has tapped a $100 million Bitcoin-backed mortgage to gasoline additional bitcoin accumulation, develop its earnings enterprise, and probably repurchase shares amid mounting market volatility.
The borrowing, executed on October 31 and disclosed as we speak, November 4, marks the primary drawdown from Metaplanet’s $500 million credit score facility introduced in late October.
The funds will primarily go towards extra Bitcoin acquisitions, based on the corporate.
Metaplanet’s mortgage is collateralized by its 30,823 BTC — value roughly $3.5 billion — and represents simply 3% of its complete holdings, underscoring what administration known as a conservative monetary coverage, in accordance to CoinPost.
The settlement options no fastened maturity date and permits reimbursement at any time, giving the corporate broad flexibility. The lender stays undisclosed however reportedly provided versatile every day renewal phrases and a variable charge tied to U.S. benchmarks.
Metaplanet is increasing Bitcoin earnings and buybacks
Metaplanet stated proceeds from the mortgage will even be allotted to its rising Bitcoin earnings enterprise, which generates yield by means of cash-secured choices writing. The technique permits the corporate to earn premiums whereas holding BTC long run — a construction designed to offset volatility.
That enterprise phase has grown quickly: in Q3 2025, it produced ¥24.4 billion ($160 million) in income, a 3.5× improve year-over-year, based on filings.
A portion of the funds may additionally help Metaplanet’s ¥75 billion share repurchase program, approved in late October. The corporate plans to purchase again shares at any time when its market worth falls under the worth of its Bitcoin holdings — a threshold it breached final month when its modified web asset worth ratio slipped to 0.99×.
Japan’s Bitcoin treasury big
Since pivoting from IT providers earlier this 12 months, Metaplanet has turn into Japan’s largest company Bitcoin holder and now ranks fourth globally, trailing solely MicroStrategy, Marathon Digital, and Hut 8 Mining.
The Tokyo-listed agency has dedicated to an formidable aim of holding 210,000 BTC by the top of 2027, cementing its function as Asia’s most aggressive institutional Bitcoin accumulator.
Its treasury technique mirrors that of Technique, which continues to concern debt and fairness to develop its Bitcoin place — now exceeding 641,000 BTC.
Metalanet companions with SBI VC Commerce for custody and buying and selling operations and maintains what it calls “enough collateral protection” to resist main worth declines with out risking liquidation.
As of press time, Bitcoin was buying and selling close to $102,600, down roughly 1% on the day.
