Metaplanet Taps $100M Bitcoin Loan to Boost BTC Holdings
Tokyo-listed Metaplanet Inc. has drawn $100 million from its newly established $500 million Bitcoin-backed loan facility, secured by 30,823 BTC. The variable-rate, open-ended credit line offers strategic flexibility with optional daily renewals amid Bitcoin price volatility. Metaplanet will deploy the funds to accelerate BTC accumulation, expand its cash-collateralized bitcoin income business—whose Q3 sales surged 115% to ¥2.4 billion ($16 million)—and back a ¥75 billion share repurchase program when market value dips below net asset value. The company retains conservative leverage, with the loan accounting for only 3% of total collateral, as it pursues a long-term 210,000 BTC holding target by 2027. Traders should watch how this Bitcoin-backed loan and share buybacks might boost market sentiment, improve capital efficiency, and generate stable returns through options-based income.
Bullish
By securing a substantial Bitcoin-backed loan, Metaplanet demonstrates confidence in Bitcoin’s long-term value, prompting additional BTC purchases that could increase demand and support prices in the short term. The optional daily renewals and conservative 3% collateral usage limit downside risk, while share repurchases may tighten available supply and enhance net asset value per share, indirectly reinforcing market sentiment. Expansion of the bitcoin income business further diversifies revenue and stabilizes returns. Over the long term, the firm’s 210,000 BTC accumulation target by 2027 suggests sustained buying pressure, positioning this strategy as a bullish catalyst for Bitcoin trading.