Metaplanet Buys More Bitcoin With Bitcoin-$100M Loan 🚀

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Metaplanet Inc. has taken out $100 million in loans against its Bitcoin holdings, hoping to use that money to buy more Bitcoin and underpin operations. Because nothing says “financial stability” like leveraging your crypto to buy more crypto. 🤯

The Tokyo-listed company reportedly executed the loan at the end of October under an existing credit facility, signaling its continued commitment to Bitcoin as a core asset. Like, “core asset”-because nothing says “core” like a digital currency that’s basically a gamble with a fancy name. 🎰

More Bitcoins

Based on reports, the borrowing was completed on October 31 and represents roughly 3% of Metaplanet’s total Bitcoin holdings. Three percent! Because nothing says “confidence” like borrowing 3% of your assets to buy more. 🧠

The firm currently owns around 30,823 BTC, valued between $3.3 billion and $3.5 billion late last month. That’s enough Bitcoin to buy a small island, or a very expensive espresso. ☕

The lender’s identity remains undisclosed, though the loan carries a floating interest rate tied to US dollar benchmarks plus an additional spread. Because who needs transparency when you can just whisper secrets into the void? 🤫

Metaplanet has just tapped a $100 million loan from their credit facility.

This represents about 3% of their Bitcoin value.

I’d imagine it is to prepare for share buybacks at a potential sub 1.0 mNAV…

…or they’re looking to BUY THE DIP!

🙂

– Adam Livingston (@AdamBLiv) November 5, 2025

Balance Sheet Plans And Buybacks

Metaplanet has indicated that the funds will go toward acquiring more Bitcoin and supporting revenue-generating strategies linked to its holdings. Oh, because nothing says “revenue-generating” like using debt to buy more volatile assets. 💸

The company also has a ¥75 billion share buyback plan-about $500 million in total. Based on reports, the management believes borrowing against Bitcoin allows the firm to strengthen its position without selling existing assets. Because nothing says “strength” like a balance sheet that’s basically a tightrope walk. 🎭

Bitcoin As Treasury Asset

Analysts say the move reflects a growing trend of companies treating Bitcoin as a treasury asset, rather than a purely speculative investment, but it clearly carries risks. Risk? What risk? We’re all in! 🤝

A sharp drop in Bitcoin’s price could reduce the value of the collateral, forcing the company to add more collateral or unwind part of its position. Because who doesn’t want to add more collateral? It’s like a game of Jenga, but with money. ⚖️

Although the $100 million amount is a small element of its total value in Bitcoin, critics say adding debt to a volatile balance sheet will create financial stress. Financial stress? That’s just the thrill of the ride! 🎢

Reports also brought to spotlight how the market value of Metaplanet sometimes retreated below the valuation of the Bitcoin it holds, indicating weaker investor sentiment. Weak investor sentiment? More like “investor confusion.” 🤯

Still, the company continues to explore income-producing plans like Bitcoin options trading to generate returns that are beyond price appreciation. Because who needs simple when you can have complex? 🧠

Deep Trust In Crypto

Market observers are now focusing on how fast the company will put to use the borrowed funds to purchase additional crypto and whether more borrowing will follow. Like, “how fast”? They’re already in a race to the bottom. 🏃‍♂️

Changes in Bitcoin’s market price, as well as potential guidance from Japanese regulators, may also impact future decisions. Japanese regulators? They’re probably just trying to keep up with the chaos. 🇯🇵

For now, this $100 million loan is a bold demonstration of Metaplanet’s deep conviction in Bitcoin and possibly sets an example for other firms exploring crypto-backed financing. Bold? More like “desperate.” 🤡

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2025-11-06 21:38