MetaPlanet has arranged a $100M tranche of its Bitcoin-backed credit line to expand its BTC treasury and finance a share buyback program. The move is part of a larger $500M facility and reaffirms the firm’s bet on turning Bitcoin into a reserve asset, according to press reports and specialized databases. The operation changes the company’s risk structure and affects corporate treasuries, traders and institutional managers that follow strategies with digital collateral.
The firm has taken $100M from a credit line whose collateral is Bitcoin, and according to reports the debt was backed by only 3% of its treasury, which amounts to 30,823 BTC (~$3.5B at the end of October). Part of those funds will be allocated to new BTC purchases and another part to a share buyback program of up to 150M common shares (≈13% of outstanding capital) until October 2026.
MetaPlanet has aggressively increased its exposure: in Q3 2025 it bought 5,288 BTC and, according to cited sources, it has committed $5,000M to its U.S. subsidiary to acquire 30,000 BTC in 2025, in addition to aiming for a target equivalent to 1% of the total Bitcoin supply by 2027.
This approach has had a direct impact on market valuation: the stock experienced spectacular rises in previous cycles, but also a 54% drop since mid-2025 and a valuation adjustment that caused a loss of 124 million yen in Q3 2025, according to aggregated data.
MetaPlanet and his Bitcoin holding
Using BTC as collateral amplifies exposure to the crypto’s price; if BTC falls, the ability to access the line may be reduced. The share buyback seeks to reduce the “Bitcoin premium” discounted by the market and limit dilution, according to Binance.
The strategy depends on maintaining sufficient collateral margin; extreme volatility has already generated quarterly losses.
The next operational milestone is the share buyback program scheduled until October 2026; its execution and the evolution of BTC’s price will be the immediate factors that determine whether the line of credit strengthens the treasury strategy or introduces stresses from margin and valuation. Related: MetaPlanet and its BTC acquisition roadmap.
