Bitcoin News Today: Metaplanet's $100M Loan Signals Bitcoin's Rise as Institutional Collateral

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Wednesday, Nov 5, 2025 5:22 am ET1min read
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- Metaplanet secured a $100M Bitcoin-backed loan to buy more BTC, boost revenue, and fund stock buybacks.

- The firm established a $500M credit facility for repurchasing 13.13% of shares to address mNAV discounts.

- Japan's FSA is considering reforms to let banks hold

Bitcoin
, signaling growing institutional acceptance.

- Metaplanet aims to accumulate 210,000 BTC by 2027, aligning with broader crypto treasury strategies.

- The loan highlights Bitcoin's rising role as collateral, potentially enhancing market stability and adoption.

Metaplanet, a Tokyo-listed cryptocurrency treasury firm, has secured a $100 million loan collateralized by its

Bitcoin
holdings, according to a report from Coin-Turk. The company plans to use the funds to acquire additional Bitcoin, enhance revenue-generating activities, and potentially execute stock buybacks. As of October 31, 2025, MetaPlanet held 30,823 BTC, valued at approximately $3.5 billion, following its purchase of 5,268 tokens in September.

The firm has also established a $500 million Bitcoin-backed credit facility to fund a share repurchase program targeting 13.13% of its total issued shares. This initiative aims to address the discrepancy between its market-based net asset value (mNAV) and intrinsic economic value. The mNAV ratio, which measures a company's enterprise value relative to its Bitcoin holdings, dropped to 0.88 last week, indicating the stock trades at a discount. The buyback program, set to run through October 2026, seeks to restore investor confidence by maximizing Bitcoin yield per share.

MetaPlanet's move aligns with broader trends in the crypto sector, where institutional players are leveraging Bitcoin's volatility to optimize capital allocation. The company has paused new Bitcoin acquisitions amid the mNAV decline but remains committed to its long-term goal of accumulating 210,000 BTC by 2027. This strategy mirrors actions by other cryptocurrency treasury firms, such as ETHZilla, which recently announced a $40 million share buyback.

The loan and credit facility highlight Japan's evolving regulatory landscape, where the Financial Services Agency (FSA) is considering reforms to allow banks to hold Bitcoin. These developments could further institutionalize Bitcoin as an asset class, potentially boosting market stability and adoption. Analysts note that Metaplanet's ability to secure such a large loan underscores the growing acceptance of Bitcoin as collateral, a shift that may gain momentum as more traditional financial institutions enter the space.