Metaplanet Inc. has taken out $100 million in loans against its Bitcoin holdings, hoping to use that money to buy more Bitcoin and underpin operations.

The Tokyo-listed company reportedly executed the loan at the end of October under an existing credit facility, signaling its continued commitment to Bitcoin as a core asset.

More Bitcoins

Based on reports , the borrowing was completed on October 31 and represents roughly 3% of Metaplanet’s total Bitcoin holdings . The firm currently owns around 30,823 BTC, valued between $3.3 billion and $3.5 billion late last month.

The lender’s identity remains undisclosed, though the loan carries a floating interest rate tied to US dollar benchmarks plus an additional spread.

Metaplanet has just tapped a $100 million loan from their credit fac

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