Japanese firm MetaPlanet has successfully secured a substantial loan of $130 million, leveraging its Bitcoin (BTC) holdings as collateral. This transaction, finalized on November 21, 2025, is part of the company”s existing $500 million credit line, with the lender opting to remain anonymous. The loan is entirely backed by MetaPlanet”s Bitcoin assets, which amount to a total of 30,823 BTC, valued at approximately $2.7 billion according to Bitcoin Treasuries data.
The interest rate on the loan will be tied to a U.S. dollar benchmark plus a spread, featuring automatic daily renewals and options for full prepayment. With this latest loan, MetaPlanet”s total borrowing from its credit facility rises to $230 million. This follows an earlier $100 million loan secured against its Bitcoin assets, which enabled the company to retain its crypto holdings while accessing traditional financing for share buybacks.
MetaPlanet has outlined several strategic uses for the newly acquired funds. Primarily, the company intends to acquire additional Bitcoin to bolster its crypto portfolio and enhance its Bitcoin-based income strategies. If favorable market conditions arise, there is also potential for share buybacks. By employing Bitcoin as collateral, the firm can engage in options trading, generating additional revenue while preserving the long-term value of its assets.
In addition to this loan, MetaPlanet introduced its “Mercury” initiative, which features a dual-tier preferred share system. Dylan LeClair, Head of Strategy at MetaPlanet, detailed this setup through a series of posts on X. Class A shares, known as MARS (Metaplanet Adjustable Rate Security), function as senior preferred shares providing monthly dividends that fluctuate based on the share price. LeClair emphasized that dividends increase when the Class A share price falls below par and decrease when it rises above par, ensuring consistent income without diluting common shareholders.
Class B shares, referred to as MERCURY, represent a perpetual preferred equity instrument offering a 4.9% fixed cumulative dividend, along with potential upside through conversion into common shares. Positioned beneath MARS but above common equity in the capital structure, MERCURY provides an appealing blend of fixed income and exposure to Bitcoin”s appreciation. LeClair noted that the initial issuance of approximately $150 million was allocated to institutional investors as part of a pre-IPO financing round.
Furthermore, MetaPlanet has made adjustments to its MSW share programs, canceling certain series and reissuing 210 million shares at exercise prices designed to stabilize market conditions. These measures align with the company”s broader strategy to scale its financing efforts centered around Bitcoin while offering versatile capital solutions.
According to Yahoo Finance, MetaPlanet”s shares closed at 365 JPY, marking a 2.24% increase, reflecting investor confidence in the company”s financing approach and its focus on a Bitcoin-centric strategy.
This development underscores MetaPlanet”s innovative management of digital assets, as it seeks to enhance operational flexibility and financial efficiency by obtaining liquidity through Bitcoin-backed loans rather than liquidating its holdings. The firm remains committed to transparency, stating that the financial impact of this $130 million loan on its fiscal performance for 2025 is anticipated to be minimal, with any material effects to be disclosed promptly.
