Tokyo-listed Bitcoin treasury agency Metaplanet has tapped a $100 million Bitcoin-backed mortgage to gas additional bitcoin accumulation, broaden its revenue enterprise, and probably repurchase shares amid mounting market volatility.
The borrowing, executed on October 31 and disclosed right now, November 4, marks the primary drawdown from Metaplanet’s $500 million credit score facility introduced in late October.
The funds will primarily go towards further Bitcoin acquisitions, in line with the corporate.
Metaplanet’s mortgage is collateralized by its 30,823 BTC — price roughly $3.5 billion — and represents simply 3% of its complete holdings, underscoring what administration referred to as a conservative monetary coverage, in line with CoinPost.
The settlement options no mounted maturity date and permits reimbursement at any time, giving the corporate broad flexibility. The lender stays undisclosed however reportedly provided versatile each day renewal phrases and a variable fee tied to U.S. benchmarks.
Metaplanet is increasing Bitcoin revenue and buybacks
Metaplanet mentioned proceeds from the mortgage may also be allotted to its rising Bitcoin revenue enterprise, which generates yield by 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 section has grown quickly: in Q3 2025, it produced ¥24.4 billion ($160 million) in income, a 3.5× improve year-over-year, in line with filings.
A portion of the funds might also assist Metaplanet’s ¥75 billion share repurchase program, licensed in late October. The corporate plans to purchase again shares each time its market worth falls under the worth of its Bitcoin holdings — a threshold it breached final month when its modified internet asset worth ratio slipped to 0.99×.
Japan’s Bitcoin treasury large
Since pivoting from IT companies earlier this 12 months, Metaplanet has grow to be 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 bold aim of holding 210,000 BTC by the top of 2027, cementing its position as Asia’s most aggressive institutional Bitcoin accumulator.
Its treasury technique mirrors that of Technique, which continues to situation debt and fairness to broaden 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 “adequate collateral protection” to face up to 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.