Metaplanet borrows another $130 million against its bitcoin holdings to buy more BTC
Metaplanet secured an additional $130 million loan against its Bitcoin reserves to fund further BTC acquisitions and business expansion.Summary
Tokyo-listed DAT firm Metaplanet has drawn another $130 million from its $500 million credit facility, secured by its Bitcoin holdings, bringing the total drawn to $230 million. The loan carries a floating rate tied to U.S. dollar benchmarks and is secured by the company's 30,823 BTC reserve, valued near $2.7 billion. Metaplanet intends to use the proceeds for additional Bitcoin acquisitions, expanding its Bitcoin income-generation business (including selling options for premium income), and potential share repurchases. The company maintains that its substantial BTC reserves provide sufficient collateral headroom even amid price volatility. Despite this move, Metaplanet's stock has fallen 81% since June, and its Bitcoin holdings currently reflect an unrealized loss of about $600 million based on its cost basis.
(Source：The Block)