Metaplanet Secures $130 Million Bitcoin Backed Loan to Expand Treasury Holdings

Metaplanet Inc, a Tokyo-listed company dedicated to integrating Bitcoin into its corporate treasury, announced on Tuesday that it has secured a $130 million loan backed by its substantial Bitcoin reserves. This financing comes under an existing $500 million credit facility established in late October, bringing the total amount drawn to $230 million. The move allows Metaplanet to access liquidity without selling its core digital assets or issuing new equity, a strategy that has defined its approach since pivoting toward Bitcoin accumulation earlier this year.

The company executed the loan on November 21, with terms including a floating interest rate linked to U.S. dollar benchmarks and the option for daily renewal or early repayment. Secured solely by Bitcoin held on its balance sheet, the arrangement carries low operational risk due to the oversized collateral buffer. As of late October, Metaplanet reported holdings of 30,823 BTC, valued at around $3.5 billion at prevailing market prices, providing ample coverage against potential price fluctuations.

Executives at Metaplanet emphasized the facility's role in enabling flexible capital deployment while preserving upside potential from Bitcoin's long-term appreciation. This latest drawdown reflects a deliberate shift in corporate finance, where digital assets serve as both a reserve and a financing tool. Investors have taken note, with the company's shares showing resilience amid broader crypto market volatility.

Strategic Deployment and Regional Momentum

Metaplanet says in their notice that it plans to allocate the fresh capital across three primary areas to drive sustainable growth. First, a portion will fund additional Bitcoin purchases, further expanding its position as Japan's leading corporate holder of the asset. Second, resources will support the development of income-generating operations tied to its Bitcoin reserves, such as lending or yield-focused strategies that leverage the network's security. Third, the company may pursue selective share repurchases to enhance shareholder value, particularly if market conditions present opportunities.

This hybrid financing model has allowed Metaplanet to scale its Bitcoin exposure rapidly while minimizing dilution for existing investors. Unlike traditional equity raises, the Bitcoin-collateralized loans avoid flooding the market with new shares, which could pressure stock prices. The approach draws inspiration from global precedents, where firms have similarly embedded cryptocurrencies into balance sheets to hedge against fiat depreciation and capture digital economy growth.

In Japan, regulatory clarity around digital assets has facilitated such innovations, positioning the country at the forefront of institutional crypto adoption in Asia. Metaplanet, originally a data analytics provider, rebranded its focus in early 2025 to prioritize Bitcoin treasury management, a decision that has paid off with holdings now exceeding those of many international peers relative to market cap. The company's transparency in disclosures, including risk assessments for collateral calls, has built trust among analysts, who maintain a hold rating with a modest price target.

Broader trends in the region underscore this development as part of a larger wave. Asian institutions, from family offices to listed entities, are increasingly viewing Bitcoin as a strategic reserve akin to gold, with allocations aimed at portfolio diversification. Japan's proactive stance contrasts with more cautious approaches elsewhere, yet it aligns with global shifts seen in U.S.-based adopters who have pioneered similar treasury integrations. Metaplanet's success could encourage other Tokyo-listed firms to explore comparable paths, potentially accelerating corporate balance sheet diversification across the Nikkei.