Metaplanet raised $100 million in Bitcoin funding for share buybacks and new investments.

Metaplanet announced it has secured a $100 million loan secured by its Bitcoin (BTC) holdings. The funds are planned to be used for further purchases of the leading cryptocurrency, expansion of profitable business lines, and a partial share repurchase. As of October 31, the company held 30,823 BTC, worth approximately $5.4 billion, and the new loan represents only 3% of its current assets. This allows it to maintain a high level of collateral even during a significant decline in market prices.

The company emphasized that it will avoid excessive leverage and borrow only to the extent necessary to ensure the stability of positions even during potential Bitcoin price declines. Part of the funds raised will be used to develop its business, where Metaplanet creates and sells BTC-backed options. This model allows for a stable income while maintaining the asset in reserve, and premiums partially offset the risk of a market downturn.

Profitability in this segment is growing rapidly: in the third quarter of 2025, revenue amounted to 24.4 billion yen (JPY), or $158.8 million, compared to 6.9 billion yen ($44.9 million) a year earlier, representing a more than 3.5-fold increase. The company's management is also considering implementing a share repurchase program, synchronized with the 750 billion yen ($4.88 billion) limit set at the end of October, which will increase the flexibility of its capital return policy.

The current loan is part of a previously approved credit facility of up to $500 million. The terms and lender are not disclosed, but the company retains the right to early repayment without limitation. As part of its Bitcoin Treasury strategy, Metaplanet intends to increase its total BTC reserves to 210,000 coins by the end of 2027.

Source: cryptonews.net