Metaplanet Inc. recently obtained a $500 million Bitcoin-backed credit facility, prompting important questions regarding its sustainability and strategic intent behind their aggressive accumulation strategy. Announced on October 28, 2025, this move involves a share buyback program intended to enhance shareholder value while optimizing capital efficiency; notable for using Bitcoin holdings to finance corporate actions similar to what MicroStrategy, a U.S-based Bitcoin Treasury company does.
Metaplanet’s Bitcoin holdings have seen a remarkable upswing, rising to 30,823 BTC valued at approximately $3.5 billion. Over the next 12 months, they plan to repurchase up to 150 million shares – representing 13.13% of their total issued shares – at an effective price. This strategy should help maximize gains during Bitcoin rallies while mitigating losses during any downturns.
CryptoSlate Metaplanet’s use of Bitcoin as collateral for corporate financing adds another level of complexity to their financial strategy, potentially increasing capital efficiency but increasing risk as Bitcoin’s value declines. Their stock has experienced volatility since its peak value reached in June 2025 due to investor concerns regarding sustainability of their Bitcoin-backed strategies.
Critics contend that Metaplanet’s model may more closely resemble short-term momentum trading than long-term investment strategies, as its reliance on Bitcoin’s price appreciation to drive shareholder value raises questions of its ability to maintain growth during periods of market instability and the practice of issuing debt secured by it could create liquidity issues if cryptocurrency prices suffer any significant downturns.

Metaplanet’s aggressive Bitcoin acquisition strategy has made them a key player in corporate Bitcoin treasuries, yet its long-term viability remains in question. Their heavy reliance on financing through cryptocurrency market fluctuations suggests their business model could be more susceptible to market cycles than traditional investments strategies. As they expand their holdings it will be essential for them to keep track of how external market conditions impact financial stability and long-term viability.