Metaplanet Secures Another $130M Loan to Boost Bitcoin Holdings

Metaplanet, a publicly traded Japanese firm focused on bitcoin treasury strategies, has secured a $130 million loan backed by its BTC holdings. The financing extends one of the largest corporate crypto-collateralized funding initiatives to date.

The new loan follows a previous $100 million credit agreement also secured by bitcoin. In total, the company has now drawn $230 million from its available $500 million credit facility.

JUST IN: JAPAN’S METAPLANET JUST ANNOUNCED THAT THEY WILL BUY $130 MILLION MORE #BITCOIN

ASIA IS STACKING HARD. 🔥🔥 pic.twitter.com/JUVkkCbiJY

— The Bitcoin Historian (@pete_rizzo_) November 25, 2025

Navigating Losses While Doubling Down on Bitcoin

Metaplanet plans to use the funds to purchase more BTC, expand its income-generating activities, and carry out share repurchases. The firm continues to use hybrid financing structures to increase bitcoin exposure while limiting shareholder dilution.

The company currently holds 30,823 BTC, enough to comfortably cover its collateral obligations under the facility. At today’s bitcoin price of $87,000, the company’s holdings show an unrealized loss. Sadly, this loss is nearly 20% compared to the average purchase cost of $108,036 per coin.

Despite this, the Japan-based firm continues to position BTC as a strategic asset rather than just a treasury reserve. It remains committed to building a Bitcoin-dense balance sheet as part of its long-term corporate strategy.

Metaplanet Pursues Strategic Bitcoin Growth

The timing of the $130 million loan aligns closely with Metaplanet’s recently announced “Mercury” initiative. This initiative aims to raise approximately $150 million, or 21.2 billion yen, through preferred share issuance to support additional BTC accumulation.

The company plans to deploy the Mercury funding toward bitcoin purchases between December 2025 and March 2026. This approach highlights its focus on long-term accumulation rather than short-term market timing.

As part of this strategy, Metaplanet ranks as the world’s fourth-largest corporate BTC holder, behind Saylor’s Strategy, MARA Holdings, and XXI. The firm aims to accumulate 210,000 BTC by 2027, representing roughly 1% of the asset’s total eventual supply.

Bitcoin has risen 1.5% in the past 24 hours, while Metaplanet’s stock gained 2%, reflecting broader positive sentiment in crypto markets.