Japanese tech giant Metaplanet has withdrawn $100 million from its new $500 million credit line to buy more Bitcoin, reinforcing its reputation as “Asia’s MicroStrategy.” While most corporations are cutting exposure as Bitcoin dips below $100,000, Metaplanet is betting big on a crypto rebound.

The company confirmed the loan is fully backed by existing Bitcoin reserves and will be used to expand its long-term accumulation strategy. It also plans to grow its Bitcoin Income Generation initiative, which includes selling cash-secured put options and launching a $500 million share repurchase program to boost shareholder value.

Part of its ambitious “555 Million Plan,” Metaplanet aims to hold 210,000 BTC by 2027 — nearly 1% of Bitcoin’s total supply. Having already surpassed its 2025 target with 30,823 BTC, the firm now ranks as the fourth-largest corporate Bitcoin holder globally, solidifying its position as Asia’s strongest Bitcoin backer amid a cautious market.