Metaplanet remains keen on Bitcoin even though Bitcoin

• The Japanese company will use this funding to increase its Bitcoin holdings.

• Corporate crypto accumulation has declined sharply in the fourth quarter of 2025.

While Bitcoin has fallen below $100,000, leading most people to shy away from crypto, Japan's Metaplanet is doing the opposite.

This company, often called "Asia's MicroStrategy," is doubling down on its Bitcoin strategy, taking out a new $100 million loan to purchase even more Bitcoin.

Bitcoin in a Treasury Crisis? More than 50 companies are suffering heavy losses.

While other companies are retreating, Metaplanet is betting big.

Metaplanet has confirmed that it has withdrawn $100 million from its new $500 million credit facility. This loan is fully collateralized by the company's existing bitcoin reserves.

As part of Metaplanet's long-term accumulation plan, this funding will be used to purchase additional bitcoin.

The company is also expanding its bitcoin income-generating initiatives, including selling cash-secured put options to take advantage of volatility and implementing a $500 million share repurchase program.

This latest move is part of Metaplanet's ambitious "555 million plan" – a roadmap that aims to achieve 210,000 bitcoins (approximately 1% of the total bitcoin supply) by 2027.

The company achieved its interim target of 30,000 bitcoins by 2025 in early October, ahead of schedule.

With 30,823 bitcoins currently on its balance sheet, Metaplanet is now the world's fourth-largest corporate bitcoin holder, trailing only Strategy (640,031 bitcoins), MARA Holdings (52,477 bitcoins), and XXI (43,514 bitcoins).

Metaplanet remains Asia's undisputed bitcoin giant.

The Pace of Corporate Crypto Purchases is Slowing

Amid Metaplanet's growing volume, most other corporate bitcoin holdings are experiencing a slowdown.

The rapid pace of accumulation earlier this year has slowed sharply in the fourth quarter.

Between January and June, public companies collectively added approximately 245,000 bitcoins to their balance sheets.

This figure dropped to 205,000 bitcoins in the second half of the year—and only 28,000 bitcoins so far in the fourth quarter.

Quarterly Bitcoin holdings by public companies:

• First quarter: 95,431 bitcoins

• Second quarter: 150,079 bitcoins

• Third quarter: 176,762 bitcoins

• Fourth quarter: 28,000 bitcoins

A similar trend has been observed in Ethereum holdings.

Public companies added 20,000 ETH in the first quarter, 41,500 ETH in the second quarter, and 5.6 million ETH in the third quarter—but have only added approximately 238,500 ETH so far in the fourth quarter.

This post, titled "Metaplanet still looking for more Bitcoin despite BTC falling below its cost basis," was first published on ccn.com.