Japan’s Metaplanet is resuming its Bitcoin accumulation program after a one-month pause, following a $100 million credit boost secured by using its BTC holdings as collateral. The Tokyo-based firm confirmed the funding on October 31, signaling a renewed phase in its aggressive digital asset treasury strategy.
After weeks of market inactivity, the company announced that the loan, equivalent to just 3% of its total Bitcoin reserves, will now be used to fund additional Bitcoin purchases, income-generating ventures, and potential share buybacks.
Currently, Metaplanet holds 30,823 BTC valued at approximately $3.33 billion, ranking it as the world’s fourth-largest Bitcoin corporate treasury. In addition, the company clarified that borrowings will remain within conservative collateral limits to preserve liquidity and long-term balance-sheet resilience.
Part of the $100 million will also support Metaplanet’s “income business,” which involves creating and selling cash-collateralized coin options. The firm noted that this unit generates consistent revenue while maintaining exposure to Bitcoin’s upside potential.
Metaplanet Targets Bigger Bitcoin Hoard as Buybacks Loom
Further, Metaplanet’s leadership has hinted at the possibility of renewed share buybacks, depending on market conditions. That plan aligns with an equity acquisition cap of 75 billion yen established at the end of October. The latest borrowing also falls under Metaplanet’s $500 million open-ended credit facility announced on October 28.
Metaplanet’s last Bitcoin purchase was recorded on October 1, when it added 5,268 BTC at an average price of $116,870 per coin. Since then, the firm’s year-to-date performance has shown a 497% gain on its Bitcoin portfolio. Additionally, its ongoing accumulation strategy aims to reach 210,000 BTC by 2027, supported by a recent $1.4 billion international share offering, more than double its original target.
Corporate Treasury Race Intensifies
Metaplanet’s renewed buying comes as Bitcoin fell below $100,000 for the first time since June, entering bear territory after a 20% correction from its October peak. The downturn erased over $1 trillion from global crypto market capitalization and triggered $19 billion in liquidations on October 10, following heightened U.S.–China trade tensions.
Despite the broader selloff, several corporations continue to accumulate the world’s largest cryptocurrency. For instance, U.S.-based Hyperscale Data Inc. increased its Bitcoin reserves to $73.5 million, representing 61% of its market capitalization. Similarly, as Coinremark recently reported, Strategy, a leading Bitcoin-holding firm, purchased an additional 397 BTC between October 27 and November 2, bringing its total to 641,205 BTC.
The CoinRemark Team
Evans Kelvin
