Key Highlights
- MetaPlanet secures a $130M Bitcoin-backed loan to boost liquidity, expand crypto holdings, support income strategies, and potentially buy back shares.
- The Japanese firm draws on its 30,823 BTC reserve for a flexible loan, enabling Bitcoin purchases, option-based income, and strategic capital management.
- MetaPlanet’s Bitcoin-collateralized loan strengthens funding, allowing growth in crypto holdings while keeping long-term value and investor confidence intact.
Japanese company MetaPlanet has taken out a $130 million loan using some of its Bitcoin (BTC) holdings as collateral. The loan was completed on November 21, 2025, under the company’s existing $500 million credit line. The lender asked to remain anonymous, but MetaPlanet confirmed that the loan is fully secured by its Bitcoin.
According to the latest filing, interest on the loan will follow a U.S. dollar benchmark rate plus a spread, with automatic daily renewal and full prepayment options. MetaPlanet currently holds 30,823 BTC valued at approximately $2.7 billion, as per Bitcoin Treasuries data.
Despite Bitcoin’s price volatility, the company emphasized a conservative borrowing approach, drawing only funds that remain safely covered by collateral. With this latest borrowing, the total drawn from its credit facility now stands at $230 million.
The purchase follows the firm’s earlier purchase which secured a $100 million loan using its Bitcoin as collateral. The move allowed the company to access traditional financing while retaining crypto holdings, supporting its share buybacks.
Strategic use of funds
MetaPlanet plans to use the loan in a few ways. The money will mainly help the company buy more Bitcoin and support its Bitcoin-based business. The company might also buy back some of its shares if market conditions allow. Its income strategy being that it uses Bitcoin as collateral, enables it to sell options and earn extra money. This way, the company can make money from its Bitcoin holdings without selling them, keeping long-term value intact.
Moreover, MetaPlanet recently unveiled its “Mercury” initiative, expanding its capital structure with a two-tier preferred share system. Dylan LeClair, Head of Strategy, explained the setup in a series of X posts. Class A, known as MARS (Metaplanet Adjustable Rate Security), acts as a senior preferred share delivering monthly dividends that adjust with the share price.
“Dividends rise when the Class A share price trades below par and adjusts down when above par,” LeClair noted, emphasizing its steady income design without diluting common shareholders.
Class B, called MERCURY, is a perpetual preferred equity instrument combining a 4.9% fixed cumulative dividend with long-dated upside via conversion into common shares. MERCURY sits below MARS but above common equity in the capital stack, providing a hybrid profile of fixed income plus asymmetric upside linked to Bitcoin.
“The initial ~$150M issuance was allocated to institutional investors via third-party allotment,” LeClair added, highlighting its pre-IPO financing purpose.
Further, MetaPlanet revised the MSW share programs, cancelling some series and reissuing 210 million shares at exercise prices intended to equilibrate market conditions. These actions further fit into the broader strategy of scaling up financing focused on Bitcoin while offering flexible capital tools.
According to Yahoo Finance, MetaPlanet shares closed at 365 JPY, up 2.24%, showing investor confidence in its financing plan and Bitcoin-centric strategy.
Innovative corporate Bitcoin management
This reveals a sophisticated approach by MetaPlanet to utilizing digital assets in the funding of operations: accessing liquidity via borrowing against Bitcoin without liquidation. This enables operational flexibility and financial efficiency. Furthermore, the new two-tier equity system aligns investor interests with long-term growth, while maintaining risk discipline.
It reiterated that the financial effect of the loan of $130 million on fiscal 2025 performance is expected to be minor. Material effects from this transaction will be disclosed without delay, as a testament to its practice of transparency.
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