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Metaplanet (3350) announced a major boost to its crypto-focused strategy after securing a new $130 million loan from its bitcoin-backed credit facility. The funds will support additional bitcoin purchases, the expansion of its bitcoin-based income generation business, and potential share buybacks. This latest borrowing lifts the company’s use of its $500 million facility to $230 million. The agreement, executed on Nov. 21, keeps the lender confidential at the counterparty’s request. Interest is tied to a U.S. dollar benchmark rate plus a spread, and the loan renews daily with repayment flexibility.
Metaplanet emphasized that the loan is fully secured by its significant bitcoin holdings. As of Oct. 31, the Tokyo-based firm held 30,823 BTC, valued at about $3.5 billion, giving it substantial collateral room even in volatile markets. Executives stressed their policy of borrowing only within conservative collateral limits to maintain financial safety.
The company continues to build out its bitcoin income strategy, including using BTC as collateral to sell options for premium revenue. This move follows Metaplanet’s recent perpetual preferred offerings, adding another long-term funding tool to strengthen its pro-bitcoin approach.
