- Metaplanet expands its Bitcoin strategy with a new 130 million loan backed by its large BTC reserves.
- Market signals show rising fear as Bitcoin volatility stays high with holders preparing for possible selloffs.
- Metaplanet boosts its liquidity plan through active use of a $500 million credit facility backed by Bitcoin.
Metaplanet has secured a new $130 million Bitcoin-backed loan under its $500 million credit facility. The company finalized the drawdown on November 21, 2025. The new funding follows a separate $100 million loan accessed days earlier to strengthen its digital asset reserves.
The credit line allows Metaplanet to borrow at any time with Bitcoin as collateral. The new loan uses a rate based on the USD benchmark plus an added margin. The term renews daily, giving Metaplanet flexible repayment options while keeping the structure interest-efficient. The lender behind this loan chose to remain unnamed.
Share Buyback Plan Shapes Borrowing Strategy
Metaplanet continues to link its borrowing strategy to a large share buyback plan. The company approved the buyback on October 28 to support its market-to-net asset value. The program targets 150 million shares, representing 13.1% of its total stock. The $500 million credit facility supports these repurchases and helps maintain liquidity during the process.
Metaplanet has now drawn $230 million from the facility. The company expects to use additional capital to expand its Bitcoin holdings and grow its income program. The income program focuses on option sales that generate steady fees when market conditions remain favourable.
Large Bitcoin Reserves Cushion Collateral Risks
Bitcoin-backed loans may demand more collateral when prices decline. The company acknowledged this risk and pointed to its large token reserves as a buffer.
As of October 31, Metaplanet held 30,823 BTC valued at about $3.5 billion. The company maintains a strict borrowing policy that limits all loans to fully backed levels.
This approach guards liquidity and reduces stress during periods of sharp price swings. The company expects this reserve base to offset potential volatility, especially as recent market conditions remain unstable.
Market Sentiment Weakens as Analysts Warn of Selloff Risks
Market indicators reflect rising caution around Bitcoin. Coincodex data shows volatility at 8.88%. Supply inflation stands at 0.85%. The Fear and Greed Index holds at 20, signalling extreme fear across the market.
Analysts warn that increased selling from long-term holders may raise market pressure. The movement of tokens from strong hands to weak hands could lift future selloff risks. The trend suggests rising liquidity as holders seek exits during uncertain conditions. Metaplanet expects minimal impact on its fiscal results for 2025. The company will issue further updates if conditions change.
