Tokyo-based Bitcoin treasury firm MetaPlanet has taken out a $100 million loan by using its Bitcoin (BTC) as collateral. The loan, secured on October 31, fits into the company’s ongoing plan to keep building up its Bitcoin reserves.
According to the company’s data, the $100 million loan is only about 3% of its total Bitcoin stash. This gives the company a plenty of buffer if prices drop. The company also plans to keep borrowing at cautious levels and avoid taking on too much risk.
Metaplanet currently holds 30,823 BTC, worth about $3.5 billion. This makes it the fourth-largest public company holding Bitcoin in the world, and the largest in Asia, according to data from BitcoinTreasuries.net.
BTC-backed loan strategy expands
The $100 million loan comes from a larger $500 million credit line that Metaplanet announced on October 28. The lender has not been named and the agreement does not include a set repayment deadline, which allows flexible timing on repayment.
Metaplanet also plans to direct part of the funds to its “Income Business,” which involves selling Bitcoin options backed by actual Bitcoin holdings. The premiums from these option sales help reduce potential losses when Bitcoin prices decline.
Moreover, the company expects sales from this business to reach 2.44 billion yen in the third quarter of 2025—a 3.5X increase from 690 million yen a year earlier. MetaPlanet also indicated that it may repurchase its own shares, depending on market conditions, aligning with the 75 billion yen share buyback limit set at the end of October.
Treasury trends amid market pressure
The loan comes at a time when the Bitcoin market is under pressure. In October 2025, Bitcoin dropped about 15% in a short period, which caused problems for traders using high leverage. However, loans backed by Bitcoin held up better, since they allowed holders to get cash without having to sell their coins at lower prices. These loans usually keep a 50–70% collateral ratio, which provides a buffer and helps limit further market instability.
As of writing, Bitcoin was trading at $101,727 with a trading volume of $110,901,533,045. The top cryptocurrency by market cap is down 3% in the past day, according to CoinMarketCap.
Other companies are also making changes to how they manage their crypto assets. The French tech firm Sequans Communications sold 970 BTC for about $94.5 million to reduce part of its debt. This move lowered its debt-to-asset ratio from 55% to 39%.
Meanwhile, ETHZilla, a company that holds large amounts of Ethereum, sold $40 million worth of ETH to help fund its share buyback plan. In August, SharpLink Gaming has also approved up to $1.5 billion for share buybacks under similar conditions.
Corporate strategy shift
Metaplanet’s loan shows a shift in how companies use Bitcoin. Instead of selling their coins when they need money, they are now using Bitcoin as collateral to borrow funds. This lets them keep their long-term holdings while still getting liquidity for business needs.
It’s a practical approach that combines caution with expansion. As more companies adopt similar strategies, Bitcoin may start to play a wider role in corporate finance, rather than being seen only as a speculative asset.
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