Tokyo-based Metaplanet has secured a $100 million loan backed by Bitcoin to bolster its Bitcoin holdings and fund share buybacks. This follows the firm's earlier announcement of a $500 million BTC-collateralized credit facility aimed at supporting a one-year buyback program and further Bitcoin acquisitions. As of October 31, Metaplanet holds approximately 30,823 BTC and targets 210,000 BTC by 2027. This strategy highlights a growing trend among corporate treasuries leveraging Bitcoin-backed credit amid challenging equity market conditions.