The largest corporate holder of Bitcoin in Japan MetaPlanet on Tuesday announced it has executed a new $130 million loan under its existing credit facility, securing the borrowing with its Bitcoin holdings and expanding its capacity to increase BTC exposure and pursue shareholder returns.
The credit line, first announced in late October, allows the company to raise up to $500 million using Bitcoin as collateral.
With this new transaction, MetaPlanet has drawn a total of $230 million.
The company holds 30,823 BTC, valued at roughly 3.5 billion dollars as of Oct. 31, giving it what it describes as significant collateral headroom relative to the scale of its borrowings.
MetaPlanet said its financial policy remains conservative, drawing only within ranges that maintain a buffer even in periods of sharp Bitcoin price volatility.
The lender for the new loan was not disclosed at the counterparty’s request.
Under the terms of the agreement, the loan renews automatically on a daily basis, carries a reference USD interest rate plus a spread, and can be repaid at MetaPlanet’s discretion.
Also Read: AI Is Overtaking Bitcoin Mining Strategy — JPMorgan Predicts Who Will Dominate By 2026
The facility is designed to give the company flexible access to liquidity secured by its Bitcoin reserves
MetaPlanet plans to allocate the borrowed funds toward three areas, including additional Bitcoin purchases, expansion of its Bitcoin-based income generation business and opportunistic share repurchases when market conditions permit.
The company noted that capital deployed into its Bitcoin income business will be used as collateral for selling bitcoin options to earn premium income.
The firm said it expects minimal impact from the loan on financial results for the fiscal year ending December 2025, but added that any material developments would be disclosed promptly.
By contrast, Strategy Inc. has taken a different approach.
Strategy is known primarily as a Bitcoin-treasury company rather than a credit-facility borrower secured by Bitcoin, and its financing model is heavily oriented toward equity and convertible-debt issuance rather than traditional loans.
For example, Strategy’s recent share and preferred-stock issuances underpin its “42/42” capital-raise agenda to fund Bitcoin accumulation through 2027.
Furthermore, Strategy has recently faced market pressure: its stock declined markedly amid Bitcoin weakness, and its credit rating remains in speculative (“junk”) territory despite the company’s aggressive growth of Bitcoin exposure.
