MetaPlanet Secures $100M Bitcoin-Backed Loan to Buy More BTC

Tokyo-listed Metaplanet executed a $100 million Bitcoin -backed borrowing on October 31, drawing from a $500 million credit facility established days earlier to fund additional crypto acquisitions, expand its options trading business, and potentially repurchase ￰1￱ conservative borrowing represents just 3% of Metaplanet’s $3.5 billion Bitcoin reserve, maintaining substantial collateral buffers even during potential market ￰2￱ confirmed the loan carries no fixed maturity date and allows repayment at any time, while proceeds will primarily support the company’s long-term objective of accumulating 210,000 Bitcoin by the end of ￰3￱ IN: Metaplanet borrows $100 million loan by using its Bitcoin as collateral to buy more #Bitcoin ￰4￱ — Bitcoin Magazine (@BitcoinMagazine) November 5, 2025 Strategic Capital Deployment Amid Market Volatility Metaplanet’s borrowing strategy emerged during a period of massive pressure across the digital asset treasury sector, where a quarter of all Bitcoin-holding companies were trading below their crypto reserves in ￰5￱ firm recently approved a 75 billion yen share repurchase program specifically targeting periods when its enterprise value-to-Bitcoin holdings ratio falls below 1.0x, aiming to reduce share count and increase token ownership per remaining ￰6￱ company’s market-to-net-asset-value ratio dropped to 0.99 earlier last month , making Metaplanet the first major Bitcoin treasury to consistently trade at a discount despite pursuing an aggressive accumulation strategy since April.

Metaplanet's mNAV hits 0.99, trading below $3.4B Bitcoin reserves as one in four treasury firms are trading at discount, with corporate buying down 95% since July. #Metaplanet #Bitcoin ￰0￱ — ￰7￱ (@cryptonews) October 14, 2025 Representative Director Simon Gerovich characterized the repurchase initiative as designed to “ enhance capital efficiency and maximize BTC Yield ” when valuation multiples compress. Meanwhile, broader industry dynamics indicate that corporate Bitcoin adoption has declined by 95% since July , with only one company initiating treasury strategies in September, compared to 21 in July, according to CryptoQuant data. Industry-wide premiums compressed from an average of 3.76x in April to 2.8x currently, while daily Bitcoin accumulation by treasury companies slowed to just 1,428 tokens in ￰8￱ Business Expansion Targets Stable Returns A portion of the borrowed capital will fund Metaplanet’s Income Business, which creates and sells cash-secured Bitcoin options to generate premium income while maintaining exposure to ￰9￱ to Coinpost , sales for this division are projected to reach 2.44 billion yen in the third quarter of 2025, representing a 3.5-fold increase from the prior year’s 690 million yen.) November 4, 2025 The downturn coincided with a record $19 billion in liquidations on October 10 , after President Trump announced harsher tariffs on China, triggering volatility that sent Bitcoin to a six-month low of nearly $101,000.

Despite market turbulence, some firms maintain aggressive ￰10￱ purchased 397 BTC between October 27 and November 2 for $45.6 million, bringing total holdings to 641,205 ￰11￱ with Cryptonews, Shawn Young, Chief Analyst at MEXC Research, noted that “ accumulation of coins by major market participants, the trade agreement between Washington and Beijing, and moderately positive stock market performance are paving the way for a possible recovery in November. “