|
Getting your Trinity Audio player ready...
|
- MetaPlanet secured $100M backed by its Bitcoin reserves.
- The company plans to resume BTC purchases and share buybacks.
- Target set to reach 210,000 BTC holdings by 2027.
After a brief pause, Japan’s MetaPlanet is returning to Bitcoin accumulation, signaling renewed confidence in its long-term crypto strategy. The company announced it has secured a $100 million loan backed by its existing Bitcoin holdings, allowing it to resume treasury purchases and expand its income-generating operations.
This development follows a one-month hiatus in Bitcoin acquisitions, during which MetaPlanet structured the new funding as part of its broader $500 million credit facility. The loan represents just 3% of its Bitcoin reserves, ensuring sufficient collateral protection amid market volatility.
Expanding Bitcoin Holdings and Business Growth
MetaPlanet, currently holding 30,823 BTC valued at roughly $3.33 billion, remains one of the largest corporate Bitcoin holders globally. The new funds will primarily go toward additional Bitcoin purchases, strategic share buybacks, and expanding the firm’s income business, which includes selling cash-collateralized coin options.
Executives emphasized that maintaining conservative borrowing limits ensures long-term balance sheet strength while continuing to build a robust Bitcoin-backed ecosystem.
Also Read: Metaplanet Surges 10% with $500M Buyback and 10,000 BTC Milestone
Aiming for 210,000 BTC by 2027
The latest move aligns with MetaPlanet’s ambitious target of amassing 210,000 BTC by 2027. Earlier this year, the firm successfully completed an international share offering, raising $1.4 billion—more than double its original goal.
The company’s Bitcoin-focused strategy has delivered a remarkable 497% year-to-date return, reinforcing its position as a pioneer among public Bitcoin treasury holders.
MetaPlanet Doubles Down on Its Bitcoin Future
By leveraging its reserves to fund growth, MetaPlanet demonstrates how corporate treasuries can use Bitcoin as both a store of value and a financial tool. The firm’s renewed buying spree signals strong institutional conviction in Bitcoin’s long-term potential, especially amid growing global adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
