As Michael Saylor’s Strategy has slowed its Bitcoin accumulation spree amid a broader downturn for DAT (Digital Asset Treasury) firms, Japan’s Metaplanet is still going strong, having just announced a fresh $130M borrow against its Bitcoin holdings for additional purchases.
By borrowing a further $130M against its BTC holdings, the Tokyo-listed DAT firm expands its use of its $500M credit facility as it continues to build its Bitcoin-based income strategies.
News of MetaPlanet’s $130M injection comes as Bitcoin bounced overnight, surging +1.5% to $87,400 as the leading cryptocurrency attempts to reclaim $90,000 before December kicks in.
$130M Liquidity Injection Allows MetaPlanet to Buy the Dip on Bitcoin
The company announced today, November 25, that it has secured a $130M loan, executed on November 21 under previously approved terms. As with its initial $100M loan, the lender’s identity remains undisclosed at the counterparty’s request, according to MetaPlanet.
The $130M loan features a floating interest rate linked to USD benchmarks and is automatically renewed daily. MetaPlanet has the flexibility to repay the loan at any time, and all borrowings under this facility are secured by Bitcoin held on the company’s balance sheet.
Metaplanet acknowledged that a decline in the Bitcoin price during the loan term may require additional collateral to be pledged. However, the company emphasized that its sizeable 30,823 BTC reserve, valued at approximately $2.7Bn at current prices, provides substantial collateral coverage relative to the loan’s size.
JUST IN: 🇯🇵 MetaPlanet raises $130M to buy more Bitcoin. 🚀 pic.twitter.com/EhcmOnQxPZ
— Crypto India (@CryptooIndia) November 25, 2025
Metaplanet has been keen to emphasize its belief that it will maintain “sufficient collateral headroom” given the scale of its Bitcoin holdings, the fourth-largest among publicly traded firms.
The firm also highlighted that its financial policy limits borrowing to levels that maintain collateral buffers, even during significant price fluctuations. With this latest loan, Metaplanet has drawn $230M from its total credit line of $500M.
The Tokyo-based firm intends to use the proceeds from the loan to fund additional Bitcoin acquisitions, expand its Bitcoin income-generation business, and repurchase shares, depending on market conditions. Metaplanet specified that the funds allocated to its income generation business will serve as collateral for selling BTC options to generate premium income.
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MetaPlanet is Closing the Gap on Strategy, Up to Fourth in Largest Bitcoin DAT Rankings
MetaPlanet is the fourth-largest publicly traded Bitcoin treasury company behind Michael Saylor’s Strategy (MSTR), Bitcoin miner MARA Holdings (MARA), and the Tether-backed Twenty One (XXI).
However, the value of many of the cohort’s shares is down substantially from their summer peaks, and their market cap-to-net asset value (mNAV) ratios have fallen sharply. MetaPlanet’s stock is down -62% over the past six months, while Michael Saylor’s Strategy is down -51% over the same period.
According to CoinGecko data, MetaPlanet’s mNAV is 1.04x, almost identical to Strategy’s 1.03x. Of the top five, MARA has the healthiest mNAV, at 1.49x.
At a cost basis of around $3.3Bn, MetaPlanet’s Bitcoin holdings are currently sitting on an unrealized loss of around $600M, with a total holding of 30,823 BTC.
While MetaPlanet still has a long way to catch up with Strategy and its incredible 649,870 BTC holdings, the Japanese firm is keeping pace with Saylor’s Bitcoin buys, with MetaPlanet having bought just over 11,000 BTC in the past three months, against 17,000 for Strategy.
If Saylor continues to slow down with his Bitcoin accumulation, MetaPlanet looks poised to pounce on every dip and could quickly see itself as a contender for the Strategy throne.
With Bitcoin back in the news following today’s bounce and DAT’s buying the dip, the Bitcoin Hyper (HYPER) presale has landed a five-figure whale buy, as investors are hyped for a Bitcoin Layer-2 promising to deliver DeFi, GameFi, and much more to the Bitcoin core layer.
BONUS: Bitcoin Hyper (HYPER) Hits $28.5M in ICO Funding After Whale Apes $28,600 in a Single Buy
Bitcoin Hyper (HYPER) is officially the whales’ go-to presale investment in 2025 following yet another five-figure buy. Over the past few months, there have been multiple five and even six-figure HYPER purchases. This latest whale buy saw one wallet spend $28,600 (9.78 ETH) to purchase 2.11M HYPER tokens.
Bitcoin Hyper’s popularity stems from its first-mover advantage as a Layer-2 protocol for Bitcoin’s core layer. While Ethereum has dozens of Layer-2s, all competing for a finite pool of liquidity, HYPER is entering an untapped market with Bitcoin.
HYPER’s ultimate goal is to bring to BTC the type of fully-fledged ecosystem we currently see on other leading blockchains like Ethereum, Binance Smart Chain, and Solana.
Bitcoin Hyper has built its L2 using rollup technology. It batch-processes transactions from the Bitcoin mainnet, settles them off-chain via the Solana Virtual Machine (SVM), and then sends them back to Bitcoin for final settlement, ensuring super-fast speeds and low fees.
HYPER is poised to be the next big play in crypto, with odds of these returns increasing for those who invest before the Bitcoin Hyper presale ends in just five hours.
To join the HYPER army, visit the Bitcoin Hyper presale website. You can make your purchase using ETH, USDT, BNB, or a bank card.
Join the Bitcoin Hyper community and stay in the loop with all project updates via Telegram and X.
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