Metaplanet secures $130m bitcoin-backed loan, plans further acquisitions

Metaplanet Inc. announced on November 25, 2025, the execution of a new loan amounting to $130 million, dated November 21, 2025. This borrowing is part of a previously disclosed credit facility agreement from October 28, 2025, and is secured by the company's Bitcoin holdings. The loan carries an interest rate based on a reference USD interest rate plus a spread, with automatic daily renewals and repayment at Metaplanet's discretion. Including this new loan, Metaplanet has now drawn a total of $230 million against its $500 million credit facility.

As of October 31, Metaplanet holds 30,823 BTC (approximately $3.5 billion), providing significant collateral headroom for the loan. The company maintains a conservative financial policy, ensuring sufficient collateral buffer even during periods of Bitcoin price volatility. The funds from this loan will be allocated to additional Bitcoin acquisitions, expanding the Bitcoin income generation business, and potential share repurchases, depending on market conditions.

Metaplanet expects the impact of this loan on its financial results for the fiscal year ending December 2025 to be minimal, with any material impact to be disclosed promptly.