Metaplanet Secures ¥15.3 Billion Loan Using Bitcoin as Collateral
Tokyo-listed Metaplanet has drawn $100M from a $500M Bitcoin-backed credit line to expand holdings, operations, and buybacks, underscoring its aggressive corporate Bitcoin strategy.
Metaplanet drew $100 million on October 31, 2025, from its recently announced $500 million Bitcoin-backed credit facility, backed by 3% of its 30,823 BTC worth about $3.5 billion. The loan, with no fixed maturity and flexible repayment terms, will fund further Bitcoin purchases, expand its growing Bitcoin income business, and potentially repurchase shares under a ¥75 billion program. In Q3 2025, that income segment generated ¥24.4 billion ($160M) in revenue, up 3.5× year-over-year. Metaplanet, now Japan’s largest corporate Bitcoin holder and fourth globally, aims to reach 210,000 BTC by end-2027 while maintaining substantial collateral coverage to mitigate liquidation risks.
- Bitcoin collateral: Using Bitcoin holdings as pledged security to obtain loans or credit.
- Bitcoin-backed loan: A loan secured by Bitcoin holdings, allowing borrowers to access liquidity without selling their cryptocurrency.
- Credit facility: A pre-approved borrowing arrangement with a set limit, from which the borrower can draw funds as needed.