Tokyo-listed Metaplanet has taken out another $130 million from its Bitcoin-backed credit facility. This brings the total amount of money that the company has borrowed under the line to $230 million. This move has caused a lot of confusion in the crypto markets around the world. This time, the company is publicly speeding up a strategy that looks a lot like MicroStrategy’s playbook in the U.S., but the battleground is moving to Asia.
And if things keep going this way, Metaplanet might be ranking itself up to become Asia’s biggest company that holds Bitcoin.
A Bold Bet Backed by $3.5B in Bitcoin Reserves
Metaplanet had 30,823 BTC, which is worth about $3.5 billion, as of October 31. This is enough to secure new loans even when the market is very unstable. This reserve strength is very important because it gives Metaplanet the faith to grow quickly without selling a single Satoshi.
The new loan, which was made official on November 21, comes from a $500 million secured credit line that is fully backed by the company’s Bitcoin. The lender was not named, which made the deal even more mysterious.
But what really stands out is the structure itself:
- Loan that renews every day
- Interest based on standards for the U.S. dollar
- Repayment options that are up to Metaplanet
As a result, the company can grow quickly while loss of shareholders stays close to zero.
Why This Matters: The Strategy Behind the Borrowing
Metaplanet does more than just store Bitcoin. They are working on a Bitcoin-based business payment system.
The new finances should help with:
- More purchases of Bitcoin
- Growth of businesses that make money with Bitcoin
- Possible buybacks of stock
- New revenue items backed by Bitcoin
In other words, Metaplanet is not just “accumulating” Bitcoin; it is also creating a way to make revenue with Bitcoin that does not involve selling it.
For example, this is how MicroStrategy changed into a Bitcoin-powered financial engine. Metaplanet is entering that same lane earlier, leaner, and in one of the fastest-growing crypto locations.
Asia’s MicroStrategy? The Market Is Paying Attention
Metaplanet shares went up 2.24 percent to 365 yen after the news came out, which shows that investors are optimistic. Analysts at Zavros Network think that Bitcoin will start going up again if the market as a whole continues to rise. The price is still below its high point in June.
This is our prediction:
- More draws on credit facilities are likely to happen in Q1 and Q2 2025.
- The following things should happen if BTC hits a new all-time high:
- Make more credit available
- Make more long-term preferred offerings
- To get Bitcoin more quickly,
- East Asia may start to see a race to build up companies.
- You could use Metaplanet’s stock as a stand-in for Bitcoin exposure; similar to what MicroStrategy has become on Nasdaq
If Bitcoin keeps going up, Metaplanet’s balance sheet could become one of the most Bitcoin-heavy in Asia. This would make other Asian companies want to do the same.
The Big Question Now: Who’s Next?
This new transition does more than just add to Metaplanet’s reserves. It sends a message. Adoption of Bitcoin by businesses is no longer just a Western trait. Southeast Asia is now competing, and Metaplanet is the first big company to do so.
The crypto world now waits to see:
Will this initiate a wave of Asian businesses buying Bitcoin?
At Zavros Network, we think the answer is already starting to take shape, and Metaplanet could be the thing that brings Bitcoin even more into the global culture of business balance sheets.
