Metaplanet secured a $100 million bitcoin-backed loan to expand its holdings and fund buybacks, reinforcing its strategy to become Asia’s MicroStrategy.
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Posted November 6, 2025 at 9:43 am EST.
Tokyo-listed Metaplanet obtained a $100 million bitcoin-backed credit facility to fund additional bitcoin purchases and share repurchases. The Japanese treasury company borrowed funds on Oct. 31 using its 30,823 BTC holdings, valued at approximately $3.5 billion, as collateral under a conservative loan structure with undisclosed lending terms, according to a Tuesday filing.
The financing supports Metaplanet’s 75 billion yen ($500 million) share buyback program launched after the company’s market-based net asset value dropped to 0.88 last month before recovering above parity. Proceeds may fund Bitcoin accumulation, option premium strategies, or stock repurchases depending on market conditions, the company said.
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Metaplanet, dubbed “Asia’s MicroStrategy,” targets acquiring 210,000 BTC by 2027, representing roughly 1% of total Bitcoin’s supply. The firm pivoted from hotel and technology operations in 2024 to become the fourth-largest corporate bitcoin holder.
Treasury companies face growing scrutiny as bitcoin volatility impacts share valuations, with Strategy receiving a “B-” rating from S&P Global Ratings citing concentration risk.