Finance

Metaplanet’s $100M Bitcoin Bet: How Asia’s MicroStrategy Aims to Conquer the Crypto Market Despite Volatility

Metaplanet secured a $100M loan using Bitcoin to buy more, aiming for 210,000 BTC by 2027.

November 5, 2025, 4:00 PM

The logo and slogan of Metaplanet, a publicly traded Bitcoin-holding company, are displayed. By Allora Empire Art / Shutterstock.com.

Executive Summary

Japanese firm Metaplanet secured a $100 million loan using its existing crypto holdings as collateral to acquire additional Bitcoin, reinforcing its aggressive accumulation strategy.

Metaplanet, dubbed “Asia’s MicroStrategy,” has become the world’s fourth-largest Bitcoin treasury with 30,823 BTC and aims to acquire 210,000 BTC by 2027.

The company states a commitment to conservative financial management, ensuring collateral adequacy to mitigate risks from Bitcoin’s price volatility, amidst skepticism regarding corporate crypto treasury strategies.

The Story So Far

Metaplanet is aggressively accumulating Bitcoin, mirroring a strategy pioneered by MicroStrategy, to allow its shareholders exposure to the digital asset without the direct risks of individual crypto custody, even as recent market volatility has reignited skepticism regarding corporate crypto treasury approaches.

Why This Matters

Metaplanet’s aggressive $100 million Bitcoin acquisition, financed by leveraging existing crypto holdings, signals a deepening commitment to the corporate Bitcoin treasury model pioneered by MicroStrategy, positioning the firm as a major player in the space. This strategy, despite recent market volatility and skepticism from some analysts, underscores a growing trend of companies offering shareholders indirect exposure to digital assets, while also highlighting the inherent risks and potential for significant leverage in a volatile market.

Who Thinks What?

Metaplanet is aggressively accumulating Bitcoin by securing a $100 million loan collateralized by existing crypto holdings, stating a commitment to conservative financial management to mitigate volatility risks and avoid excessive leverage.

Skeptics and analysts express renewed concerns about corporate Bitcoin treasury approaches due to recent market fluctuations, citing firms divesting Bitcoin and declining valuations for companies holding the asset.

A prediction market suggests that roughly two-thirds of respondents anticipate Bitcoin’s next major move will be upward, indicating a prevailing optimistic market sentiment despite current volatility.

Japanese Bitcoin treasury firm Metaplanet has secured a $100 million loan using its existing crypto holdings as collateral to acquire additional Bitcoin, the Tokyo Stock Exchange-listed company announced on Tuesday. This move underscores the company’s aggressive strategy to accumulate Bitcoin, positioning it as a significant player in the corporate Bitcoin treasury landscape.

Strategic Accumulation Amid Volatility

Metaplanet informed its shareholders that its borrowing and Bitcoin accumulation strategy is designed to account for the cryptocurrency’s inherent price volatility. The company stated its commitment to a conservative financial management policy, ensuring that loans are executed only within a range where collateral adequacy can be fully maintained, even in the face of significant Bitcoin price declines. It emphasized its dedication to avoiding excessive leverage.

The announcement comes as Bitcoin recently dipped below $100,000 for the first time since June, though it has since recovered to trade near $104,000. Bitcoin’s price currently sits about 18% below its all-time high of $126,080, which was set in October.

Corporate Bitcoin Treasury Landscape

Metaplanet’s strategy mirrors that pioneered by MicroStrategy in 2020, which involved companies holding Bitcoin on their balance sheets. However, recent market fluctuations have reignited concerns among skeptics of this treasury approach.

On Tuesday, French semiconductor firm Sequans divested approximately $100 million in Bitcoin from its treasury. Analysts have also pointed to MicroStrategy’s declining multiple to Net Asset Value (mNAV), which indicates the premium at which a firm’s shares trade relative to its crypto holdings.

Metaplanet’s Holdings and Future Goals

Dubbed “Asia’s MicroStrategy,” Metaplanet has rapidly become the world’s fourth-largest Bitcoin treasury. The company pivoted from its core hotel and technology businesses in 2024 to begin acquiring Bitcoin. It now holds 30,823 BTC, valued at nearly $3.2 billion.

Metaplanet has set an ambitious long-term goal to acquire 210,000 Bitcoin by 2027, which would represent approximately 1% of the total Bitcoin supply. Corporate Bitcoin treasuries allow shareholders to gain exposure to the digital asset without the direct risks associated with individual crypto custody.

MicroStrategy remains the largest corporate holder, possessing 641,205 BTC, currently valued at around $66.5 billion. The trend of publicly traded Bitcoin treasuries has grown significantly, with over 200 such entities now tracked, alongside others holding alternative digital assets like Ethereum and Solana.

Expert Warnings and Market Sentiment

Experts have previously warned about the inherent risks for companies investing in cryptocurrencies, noting that share prices of many firms holding digital assets have declined in correlation with broader market downturns. Despite these concerns, a prediction market by Myriad suggests that roughly two-thirds of respondents anticipate Bitcoin’s next major move will be upward to $115,000, rather than a fall to $85,000.

Key Takeaways

Metaplanet is aggressively expanding its Bitcoin reserves by leveraging its existing holdings, despite recent market volatility and ongoing debates surrounding corporate crypto treasury strategies. The firm’s commitment to a conservative financial approach aims to mitigate risks while pursuing its ambitious Bitcoin accumulation targets.