Japanese Firm Metaplanet Doubles Down on Bitcoin Strategy with Major Debt Move

In a bold financial maneuver, Metaplanet has secured a $100 million loan using its substantial Bitcoin reserves as collateral. The Japanese company is accelerating its aggressive digital asset accumulation plan, with an ambitious target of amassing 210,000 BTC by 2027.

The transaction, executed on October 31, drew from a $500 million credit facility, with Metaplanet pledging 30,823 Bitcoin valued at approximately $3.5 billion as security. This represents a notably conservative loan-to-value ratio of just 3%, creating significant protection against market fluctuations while accessing immediate capital.

Strategic Allocation of Capital

Management has outlined three primary uses for the newly acquired $100 million:

Should investors sell immediately? Or is it worth buying Metaplanet?

• Expanding Bitcoin treasury reserves to further the company's core digital asset strategy
• Developing Bitcoin income generation capabilities through options-based revenue strategies
• Potential share repurchases aimed at enhancing shareholder value

Shareholder Value Implications

Notably, Metaplanet holds authorization for share buybacks up to 75 billion yen. Such repurchases would effectively increase the Bitcoin exposure per outstanding share, delivering direct benefits to current investors.

The company's income generation division shows promising traction, with third-quarter 2025 revenue projections reaching 2.44 billion yen—representing a 3.5-fold increase compared to the previous year's performance.

Market reaction has been measured initially, with shares trading at 441.00 yen, reflecting a 2% decline. Company leadership emphasizes that the new debt arrangement is expected to have minimal impact on 2025 financial results.