Bitcoin Updates: Metaplanet Overcomes BTC Slump, Obtains $130M Financing to Increase Holdings

Metaplanet, a Japanese company that transitioned from hospitality to

treasury leadership, has obtained an additional $130 million through Bitcoin-collateralized loans as the digital currency falls below $88,000. This latest withdrawal from its $500 million credit line highlights the company's determined approach to increasing its crypto reserves, even as it faces an unrealized loss of nearly 20% on its current Bitcoin assets . This follows a $135 million perpetual preferred share issuance announced in November 2025, featuring MERCURY Class B shares, which are structured to limit equity dilution while supporting further Bitcoin accumulation .

The company's fundraising initiatives are part of a larger $5 billion pledge to its U.S. arm, Metaplanet Treasury Corp,

and enhancing treasury management. Announced in June 2025, this expansion supports Metaplanet's ambition to amass 210,000 BTC by 2027. The proceeds from the recent loan and preferred share sale will be fully dedicated to acquiring more Bitcoin, with the company .

Metaplanet's approach to financing blends both debt and equity tools to grow its Bitcoin holdings. The $500 million credit facility offers adaptable liquidity backed by its BTC assets, while the MERCURY shares—a mix of fixed income and Bitcoin-linked returns—provide long-term funding without diluting regular shareholders

. These preferred shares, which offer a 4.9% yearly dividend and a ¥1,000 conversion price, are designed to appeal to institutional investors looking for steady returns and potential gains from Bitcoin's price movements .

The company's ability to weather market swings has attracted attention. Even as Bitcoin's value drops, Metaplanet stands by its treasury approach, with CEO Simon Gerovich

"ample collateral buffer" to handle further declines. This assurance stands in contrast to wider industry difficulties: 26 out of 168 Bitcoin treasury companies are now valued below their crypto assets, and that would require exchanges to hold liability reserves for user protection.

Metaplanet's tactics illustrate a rising pattern among corporate Bitcoin investors to use structured finance. Alongside companies like MicroStrategy and Strive, Metaplanet is at the forefront of using perpetual preferred shares and secured debt to support large Bitcoin purchases. Still, experts caution that tighter valuations and evolving regulations could challenge the durability of these strategies. For now, Metaplanet is committed to its long-term objectives, with Gerovich

"an innovative step in expanding" its Bitcoin-focused business.