Metaplanet Inc. has raised a US$100 million loan secured against its Bitcoin holdings, underscoring its aggressive “Bitcoin-first” treasury strategy.
Key Takeaways:
- Metaplanet borrowed US$100 million using ~3 % of its ~30,823 BTC holdings as collateral.
- The funds are aimed at boosting Bitcoin acquisitions, expanding its cash‑secured Bitcoin option business, and potentially funding share buybacks.
- Bitcoin saw a noticeable decline earlier today, Nov. 5, where the token plunged near $98K before trading in its current price of approximately $101,685.
Tokyo-listed Metaplanet Inc. executed a credit transaction on 31 October 2025, borrowing US$100 million using a portion of its Bitcoin holdings as collateral. The company currently holds 30,823 BTC, which at current market value is roughly US$3.5 billion, meaning the loan represents approximately 3 % of its total assets. The borrowed funds are intended to finance additional Bitcoin purchases, expand its cash‑secured Bitcoin options business, and potentially fund share repurchases to enhance shareholder value.
Crypto educator/influencer Adam Livingston shared this move on his X (formerly Twitter) account, highlighting that the $100 million loan is equivalent to about 3% of their Bitcoin value, adding the possibility that the firm is looing to “buy the dip.”
This move reflects Metaplanet’s broader strategy to use Bitcoin as a core treasury asset while maintaining conservative leverage. By pledging only a fraction of its holdings, the firm preserves exposure to potential Bitcoin appreciation while accessing liquidity to execute growth and shareholder-friendly strategies.
Analysts Highlight Growing Corporate Crypto Trend
While no direct executive comments were cited in the sources, analysts have observed that Bitcoin-backed corporate borrowing is increasingly common among companies treating crypto as a primary treasury asset. Such strategies allow firms to monetise their holdings without selling, supporting both growth initiatives and shareholder returns.
However, analysts caution that these loans carry inherent collateral risk. If Bitcoin’s price experiences a sharp decline, the value of pledged assets may fall below required thresholds, which could trigger margin calls or additional financing obligations. Despite these risks, Metaplanet’s approach is seen as a calculated step to expand its digital asset footprint while benefiting from potential upside in Bitcoin’s value.
Bitcoin Slides to $98K Amid Volatile Market
Earlier in the session, BTC experienced a sharp intraday drop to nearly $98,800, falling below the psychologically critical US$100,000 threshold, which is the first time happened since June amid war tension between Iran and Israel. At the time of writing (12:45PM UTC), Bitcoin (BTC) is trading at approximately $102,675, showing a price decline of 1.4% over the past 24 hours.
Technical momentum appeared subdued, with the 14‑day Relative Strength Index (RSI) lingering around the mid‑40s, signaling weak buying pressure.
While the dip did not immediately trigger a sustained collapse, the two‐tier behaviour (brief plunge followed by partial recovery) underscores elevated volatility in the crypto market and highlights heightened sensitivity to macro and risk‑off signals.
Outlook
Metaplanet’s $100 million Bitcoin-backed loan demonstrates the increasing sophistication of corporate crypto treasuries. The move provides liquidity without selling holdings, aligning with a broader trend of integrating digital assets into corporate finance. Investors and market watchers will focus on Bitcoin price trends and how Metaplanet deploys the funds, as both factors will influence the success of this strategy in a volatile market.
Summary
Metaplanet secured a US$100 million loan backed by roughly 3% of its 30,823 BTC to fund further Bitcoin purchases, expand its cash‑secured options business, and possibly repurchase shares while keeping most of its holdings unencumbered.
