Metaplanet Just Used Bitcoin To Buy More Bitcoin—$100 Million Worth

Metaplanet ￰0￱ taken out $100 million in loans against its Bitcoin holdings, hoping to use that money to buy more Bitcoin and underpin ￰1￱ Tokyo-listed company reportedly executed the loan at the end of October under an existing credit facility, signaling its continued commitment to Bitcoin as a core ￰2￱ Bitcoins Based on reports , the borrowing was completed on October 31 and represents roughly 3% of Metaplanet’s total Bitcoin ￰3￱ firm currently owns around 30,823 BTC, valued between $3.3 billion and $3.5 billion late last ￰4￱ lender’s identity remains undisclosed, though the loan carries a floating interest rate tied to US dollar benchmarks plus an additional ￰5￱ has just tapped a $100 million loan from their credit ￰6￱ represents about 3% of their Bitcoin value.

I’d imagine it is to prepare for share buybacks at a potential sub 1.0 mNAV… …or they’re looking to BUY THE DIP! :) ￰7￱ — Adam Livingston (@AdamBLiv) November 5, 2025 Balance Sheet Plans And Buybacks Metaplanet has indicated that the funds will go toward acquiring more Bitcoin and supporting revenue-generating strategies linked to its ￰8￱ company also has a ¥75 billion share buyback plan—about $500 million in ￰9￱ on reports, the management believes borrowing against Bitcoin allows the firm to strengthen its position without selling existing ￰10￱ As Treasury Asset Analysts say the move reflects a growing trend of companies treating Bitcoin as a treasury asset, rather than a purely speculative investment, but it clearly carries risks.

A sharp drop in Bitcoin’s price could reduce the value of the collateral, forcing the company to add more collateral or unwind part of its ￰11￱ the $100 million amount is a small element of its total value in Bitcoin, critics say adding debt to a volatile balance sheet will create financial ￰12￱ also brought to spotlight how the market value of Metaplanet sometimes retreated below the valuation of the Bitcoin it holds, indicating weaker investor sentiment. Still, the company continues to explore income-producing plans like Bitcoin options trading to generate returns that are beyond price ￰13￱ Trust In Crypto Market observers are now focusing on how fast the company will put to use the borrowed funds to purchase additional crypto and whether more borrowing will ￰14￱ in Bitcoin’s market price , as well as potential guidance from Japanese regulators, may also impact future ￰15￱ now, this $100 million loan is a bold demonstration of Metaplanet’s deep conviction in Bitcoin and possibly sets an example for other firms exploring crypto-backed ￰16￱ image from Unsplash, chart from TradingView