Metaplanet Secures Major Funding to Resume Bitcoin Acquisition Strategy

Metaplanet JP3481200008

After weeks of relative quiet, Metaplanet has unveiled a significant new financing initiative. The move provides the company with substantial fresh capital, enabling it to reactivate its aggressive Bitcoin accumulation plan following a pause that began in late September.

The company has implemented a two-part strategy to bolster its treasury. Firstly, Metaplanet completed a refinancing of share subscription rights. This involved canceling older series and issuing new rights (Series 23 and 24) to the EVO FUND, a restructuring designed to create more flexible funding channels.

More critical to its core operational strategy, however, is the securing of a new loan facility worth $50 million USD. This debt is explicitly collateralized by the company's existing Bitcoin holdings. Management has confirmed that these funds are primarily earmarked for purchasing additional Bitcoin.

Ending the Strategic Pause

The new loan signals a clear end to the acquisition hiatus that has been in place since September 30, 2025. By leveraging its substantial balance sheet, which currently holds approximately 30,823 BTC, Metaplanet can generate liquidity without immediately diluting existing shareholders through equity issuance.

This step is viewed as essential for the company to progress toward its ambitious target of amassing 100,000 BTC by 2026. Despite considerable progress, a gap to this goal volume remains, which the newly secured capital is intended to help close. In a complementary strategy, the firm also plans to use portions of its holdings for Bitcoin option sales, aiming to generate ongoing premium income.

Market Reaction and Technical Context

Trading in Metaplanet shares was subdued on Friday, with the stock closing slightly lower near 392 JPY. This muted activity mirrored broader volatility in the price of Bitcoin, which tested levels around $91,000 USD ahead of the upcoming FOMC meeting.

Market participants are now watching the technical consolidation zone between 390 and 400 JPY. With $50 million in fresh "dry powder" now available, the market anticipates announcements regarding new Bitcoin purchases in the coming days. A successful defense of the current share price level, coupled with a rising cryptocurrency market, could act as a catalyst for the stock's next directional move.