Tokyo-based publicly traded cryptocurrency treasury company metaplanet,Bitcoin 
$88,099.54 Another $130 million was borrowed under a $500 million secured credit line. With the transaction completed on November 21, the company’s total credit utilization increased to 230 million dollars. The company announced that it will use the funds obtained for new Bitcoin purchases, revenue generation activities and share repurchases depending on market conditions.
New Purchases and Strategic Financial Management with Bitcoin Secured Loan
Metaplanet has new debt available Bitcoin reservesIt draws attention as an expanded application of the credit model based on credit. The company stated that the loan is subject to a variable interest rate based on US dollars and is automatically renewed daily. The guarantee of the loan with repayment flexibility is the amount in the company’s balance sheet. Bitcoin provided by their assets.
According to the statement made by Metaplanet, 30,823 units BTCThe reserve is worth approximately $2.7 billion at current prices. These assets create a strong collateral buffer within the credit line. The company stated that it follows financial policies that can maintain coverage rates even during price fluctuations. Management emphasized that debt levels were maintained at safe margins despite market volatility.
Some of the new funds Bitcoin options The revenue, which aims to generate premium income by selling, will be transferred to the production business line. The rest will be used to grow the Bitcoin portfolio or buy back shares when the market is right. The company anticipates that the impact of this transaction on fiscal 2025 results will be limited.
Metaplanet’s Market Value Is Under Pressure
metaplanet, Strategy, MARA And Twenty OneIt has the fourth largest Bitcoin treasury among publicly traded companies, after . However, in recent months, the shares of these companies have experienced serious losses in value. While Metaplanet shares have fallen by 81 percent since June, the market value to net asset value ratio has fallen to 0.81.
It is stated that the cost basis of the company’s Bitcoin assets is approximately 3.3 billion dollars. At current market prices, this position represents an unrealized loss of approximately $600 million. Despite this, the management does not give up its Bitcoin-focused financial strategies. It continues to create a BTC-based financial infrastructure in the long term.
