Metaplanet, a Tokyo-listed firm, secured a US$100 million loan using its Bitcoin holdings as collateral to boost its revenue business, repurchase shares, and acquire more Bitcoin. This move supports its Bitcoin-first treasury strategy while maintaining low leverage at just 3% of its 30,823 BTC stash, valued at US$3.51 billion.
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Bitcoin Collateral Loan Details: Metaplanet raised US$100 million (¥15.3 billion) against its Bitcoin assets, ensuring secure margins even in market downturns.
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Revenue Expansion Focus: Funds will develop cash-secured Bitcoin options to generate steady income without selling holdings.
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Growth Metrics: The firm’s Bitcoin revenue hit ¥2.44 billion in Q3 2025, up 3.5 times from ¥691.58 million the prior year.
Discover how Metaplanet leverages Bitcoin collateral for a $100 million loan to fuel growth and shareholder value. Explore the Bitcoin treasury strategy driving crypto adoption in Japan. Read more for key insights.
What is Metaplanet’s Bitcoin Collateral Loan Strategy?
Metaplanet’s Bitcoin collateral loan involves raising US$100 million by pledging a portion of its Bitcoin holdings, allowing the firm to pursue growth initiatives without liquidating assets. This approach aligns with its Bitcoin-first treasury policy, emphasizing long-term accumulation over short-term sales. The loan represents only 3% of its total Bitcoin, safeguarding against volatility while enabling business expansion and share repurchases.
How Does Metaplanet Generate Revenue from Its Bitcoin Treasury?
Metaplanet is actively building revenue streams through its Bitcoin treasury by creating and marketing cash-secured Bitcoin options, which provide consistent income while keeping holdings intact. This strategy mitigates downside risks during market corrections, as option premiums can offset potential losses. In Q3 2025, the company’s income business reported ¥2.44 billion in sales, a 3.5-fold increase from ¥691.58 million in the same period of 2024, according to the firm’s financial disclosures. Earlier quarters showed steady progress: ¥770.31 million in Q1 2025 and ¥1.13 billion in Q2 2025. By leveraging Bitcoin’s volatility creatively, Metaplanet not only covers operational costs but also reinvests in further acquisitions. Industry analysts note that such models, inspired by traditional finance but adapted for crypto, position firms like Metaplanet as pioneers in sustainable treasury management. The firm’s enterprise value stands at US$3.16 billion, with a net asset value of US$3.17 billion and minimal debt of US$24.35 million, underscoring its conservative financial posture.
Frequently Asked Questions
What Are the Details of Metaplanet’s $100 Million Bitcoin-Backed Loan?
Metaplanet secured US$100 million, equivalent to about ¥15.3 billion, by using 3% of its 30,823 BTC holdings as collateral, valued at roughly US$3.51 billion. The funds target revenue growth via Bitcoin options, share repurchases under market conditions, and additional Bitcoin purchases, all while maintaining a strong collateral buffer for stability.
Why Did Metaplanet Launch a $500 Million Share Buyback Program?
Metaplanet initiated a 75 billion yen (about US$500 million) share buyback to enhance its market-based net asset value and restore investor trust after a dip below 1 times net asset value. Backed by a flexible Bitcoin-collateralized credit line with no expiration, it allows repurchasing up to 150 million shares—13% of outstanding stock—through October 2026, supporting long-term shareholder returns.
Key Takeaways
- Strategic Funding: The US$100 million loan uses minimal Bitcoin collateral to fund expansion without high risk, exemplifying prudent leverage in crypto treasuries.
- Revenue Momentum: Bitcoin options business drove sales to ¥2.44 billion in Q3 2025, highlighting innovative income generation from digital assets.
- Buyback Initiative: A US$500 million program aims to boost share value and confidence, with potential for ongoing Bitcoin acquisitions or preferred share offerings.
Conclusion
Metaplanet’s Bitcoin collateral loan and treasury strategy mark a significant step in integrating cryptocurrency into corporate finance, with the US$100 million raise and US$500 million buyback program poised to accelerate its goal of accumulating 210,000 BTC by 2027. By prioritizing revenue from Bitcoin options and maintaining low debt levels, the firm demonstrates robust Bitcoin treasury management. Investors and observers should watch how this Japanese pioneer influences global crypto adoption strategies, potentially setting benchmarks for balanced growth in volatile markets.
