Metaplanet Expands Treasury Strategy with $100 Million Bitcoin-Collateralized Loan – A New Signal for Web3 Corporate Finance
In a bold move that reflects its strong belief in digital assets, Japan-listed investment firm Metaplanet has secured a $100 million loan using Bitcoin as collateral. The loan, drawn from a newly established $500 million credit line, marks a strategic shift in how traditional businesses leverage Bitcoin to expand operations and manage liquidity.
Opening the Corporate “Digital Treasury”
Metaplanet currently holds 30,823 BTC, or $3.5 billion, and the new loan represents just 3% of its total reserves – a modest figure that reflects its prudent risk management strategy.
The company said the capital will be used to expand its Bitcoin options portfolio, increase its digital asset reserves, and support its share buyback program. This financial model allows Metaplanet to leverage liquidity without selling Bitcoin, while preserving its long-term bullish position – a philosophy similar to how MicroStrategy pioneered the early stages of the “Bitcoin treasury revolution”.
“We are building a modern financial architecture – where Bitcoin is not just a reserve asset, but a strategic source of working capital,”
— Simon Gerovich, CEO of Metaplanet.
Options strategy and new revenue streams from Bitcoin
In addition to holding assets, Metaplanet also operates the Bitcoin Income Business – a unit that specializes in creating and trading cash-backed Bitcoin options.
The division’s revenue in the third quarter of 2025 is forecast to reach 2.44 billion yen, up 250% year-on-year.
This strategy allows the company to earn recurring income during volatile market periods, while collecting option fees as a natural form of “risk insurance” – both protecting assets and maintaining profitability.
Metaplanet and the “Bitcoin Loan” trend of corporations
Metaplanet’s move reflects a new wave of corporate finance: using Bitcoin as collateral to access traditional credit.
Not only does it help unlock liquidity but also retain the upside potential of BTC, this model is being seen as an optimal solution for companies holding large amounts of digital assets.
Experts say that after MicroStrategy, Metaplanet is emerging as the first Asian company to reshape its corporate treasury strategy using Bitcoin – a move that could inspire other corporations in the region.
Risks and Lessons for Bitcoin Treasury Companies
Despite its potential, Bitcoin-backed lending is still risky. Sharp price fluctuations can trigger additional margin calls or forced liquidations if not properly managed.
However, Metaplanet has been cautious with its low leverage ratio (LTV of just 3%) – allowing the company to maintain a high margin of safety even when the market enters correction territory.
With Bitcoin down more than 20% from its October peak, Metaplanet’s cautious approach has helped it preserve its financial structure and maintain capital flexibility – something not every business can maintain.
The Future: Bitcoin Becomes a Pillar of the Global Balance Sheet
By bringing Bitcoin into the traditional financial model, Metaplanet is helping to shape the next generation of Web3 corporate treasuries – where digital assets are used as core financial instruments, not just long-term investments.
If MicroStrategy is the trailblazer in the US, Metaplanet is paving the way in Asia.
This $100 million loan is more than just a financial transaction – it is a strategic statement: Bitcoin is becoming the key capital lever of the decentralized enterprise era.