Bitcoin News Today: MetaPlanet Borrows $130M Backed by Bitcoin to Buy More as Markets Fall

MetaPlanet, the Japanese hotel company turned Bitcoin (BTC) treasury powerhouse, has secured a $130 million loan backed by its Bitcoin holdings, signaling an aggressive push to expand its digital asset strategy and repurchase shares. The move underscores the firm's commitment to becoming a major player in the corporate Bitcoin accumulation space, mirroring the approach of industry giants like MicroStrategy according to reports.

The loan, drawn from a $500 million credit facility, will be used to purchase additional Bitcoin, develop Bitcoin-related revenue streams, and repurchase shares when market conditions favor such actions. MetaPlanet currently holds 30,823 BTC as collateral, with the firm targeting a total of 210,000 BTC by 2027. This aligns with its broader strategy to leverage U.S. financial infrastructure for large-scale Bitcoin acquisitions, a plan accelerated by a $5 billion capital injection into its U.S. subsidiary, Metaplanet Treasury Corp.

MetaPlanet's funding approach reflects a shift in corporate Bitcoin treasury strategies. Previously, the firm raised capital through common stock warrants, a method that diluted existing shareholders. Now, it is adopting a preferred stock model, akin to MicroStrategy's 2025 pivot, which includes convertible and non-convertible preferred shares with varying dividend structures. This transition aims to reduce dilution while maintaining access to capital for Bitcoin purchases.

The loan announcement comes amid a challenging market environment. Bitcoin recently fell below $83,000 after Japan unveiled a $273 billion stimulus package, triggering a broader selloff in crypto markets. MetaPlanet, however, remains bullish, purchasing BTC at an average price of $108,036-leaving its holdings underwater by over 23%. The firm's strategy hinges on buying more Bitcoin at discounted prices, a tactic that has drawn comparisons to MicroStrategy's $21 billion year-to-date fundraising efforts.

MetaPlanet's expansion also benefits from Japan's evolving crypto ecosystem. SoftBank, a key backer of Bitcoin treasury firms, has invested in ventures like Twenty One Capital, which holds 43,500 BTC. Meanwhile, regulatory developments-such as Japan's proposed requirement for crypto exchanges to maintain liability reserves-highlight growing institutional confidence in the sector.

Despite the recent market volatility, MetaPlanet's management remains confident in Bitcoin's long-term value. The firm's shares closed 7% lower on Tuesday, reflecting broader investor caution. However, with $230 million already drawn from the $500 million facility, MetaPlanet is poised to solidify its position as one of the largest corporate Bitcoin holders, further blurring the lines between traditional hospitality and digital asset markets.