What To Know:
- MetaPlanet completed a $100 million financing round backed by its Bitcoin holdings to buy more Bitcoin, expand revenue operations, and conduct share buybacks.
- The Nasdaq-traded firm Strategy now holds 641,205 BTC worth about $65.19 billion, continuing its aggressive accumulation and leading corporate Bitcoin adoption.
- Bitcoin currently is trading at around $101,662, with market sentiment subdued despite rising institutional interest and growing on-chain activity.
Metaplanet, often dubbed “Asia’s MicroStrategy,” has completed a $100 million financing round supported by its Bitcoin holdings. The company announced the decision stating that the funds will be mainly used to purchase more Bitcoin and expand its revenue-generating operations. A part of the financing will also go toward share buybacks.
Metaplanet’s Bitcoin Strategy
According to reports, the loan represents nearly 3% of Metaplanet’s total Bitcoin holdings, which now stand at 30,823 BTC. The firm said it plans to manage its leverage conservatively, borrowing only when market situations create sufficient collateral buffers. Metaplanet has previously shared that maintaining financial discipline by increasing its Bitcoin holding as both a strategic reserve asset and a business growth factor.
A segment of the borrowed funds will support the company’s Bitcoin-backed options business, which has become a key source of recurring income. The business involves selling Bitcoin option portfolios backed by cash collateral, providing stable revenue without liquidating the firm’s Bitcoin reserves. In the third quarter of 2025, this division generated 2.44 billion yen in revenue, which is a 3.5-fold increase from the same period last year.
By leveraging its Bitcoin reserves for new capital, Metaplanet aims to accelerate both accumulation and expansion. The approach reflects growing confidence among corporate treasuries that see Bitcoin as a productive financial asset rather than a static holding.
Organizations Double Down on Bitcoin Treasury Strategy
Meanwhile, Nasdaq-traded Strategy (formerly MicroStrategy) continues to dominate the corporate Bitcoin landscape just like Metaplanet. The company now holds 641,205 BTC, worth approximately $65.19 billion at a Bitcoin price of $101,662.
Strategy’s latest purchase followed two consecutive weeks of Bitcoin acquisitions — a $43 million buy followed by another $19 million purchase. The firm’s third-quarter earnings, released last week, reported $2.8 billion in profit as its aggressive Bitcoin buying strategy continued.
The firm first added Bitcoin to its balance sheet in August 2020. Since then, Strategy has spent about $47.4 billion on the cryptocurrency. The firm’s stock has surged more than 1,700% since its initial purchase, driven by investor enthusiasm for its Bitcoin-focused strategy. Its approach has inspired other public companies to follow suit, using digital assets to strengthen their balance sheets and attract capital.
Strategy’s model centers on securitizing Bitcoin, offering investors equity exposure to the cryptocurrency without the complexities of direct ownership. The firm’s shares trade at a multiple to Net Asset Value (mNAV) — a measure of the premium or discount relative to the underlying Bitcoin holdings. Analysts say the narrowing mNAV premium reflects investor caution amid volatile market conditions, but also demonstrates the company’s credibility in managing large-scale crypto treasuries.
The firm recently filed to issue 3.5 million shares under the ticker STRE, each priced at 100 euros and limited to professional investors. Retail buyers in the European Union and the United Kingdom will not have access to the offering. The shares will pay a 10% annual dividend, distributed quarterly, with proceeds allocated toward additional Bitcoin purchases and general business needs.
Bitcoin’s Market Performance
Bitcoin is currently trading at around $101,662, down 0.3% over the past hour. Despite strong institutional interest and expanding on-chain utility, market sentiment remains subdued.
“Bitcoin and the broader crypto market is exhausted,” said Haonan Li, founder of the Ethereum-based stablecoin platform Codex, in an interview with CNBC. “Even with stablecoin growth, rising real-world asset volumes, and Bitcoin increasingly behaving like an institutional store of value — the market doesn’t care. Bad news is very bad for crypto right now, and good news barely moves the needle.”
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