Overview
- The financing is collateralized by existing crypto holdings and is the first draw from a $500 million credit facility established on October 28.
- Terms include daily automatic renewal, repayment at the company’s discretion with no fixed maturity, and interest at a reference USD rate plus a spread, with the lender undisclosed.
- Proceeds are earmarked for additional Bitcoin acquisitions, expansion of its cash-collateralized options income business, and potential share buybacks under a 75 billion yen authorization.
- Metaplanet reports holdings of about 30,823 BTC valued near $3.3 billion, placing it among the largest corporate holders.
- The company reiterates a 210,000 BTC target by 2027 and says collateral will be managed conservatively to withstand price declines without margin pressure.