Metaplanet increased its bitcoin exposure after executing a $130 million loan within its BTC-backed credit facility, which now has $230 million utilized of a total $500 million. The operation will fund new bitcoin acquisitions, expand the cryptocurrency income-generation business, and support potential share repurchases.
The loan renews daily, carries interest referenced to the USD rate plus a spread, and can be repaid at the company’s discretion. Metaplanet’s strategy includes using BTC as collateral to sell options and capture premium income. Additionally, the company added perpetual preferred offerings as an additional long-term funding tool.
Metaplanet holds 30,823 BTC as collateral, providing sufficient headroom even during high volatility, and its shares rose 2.24% to 365 yen, though they remain more than 80% below June’s peak.
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