According to Coinpost, Metaplanet, a Japanese listed company, completed a $100 million (approximately 15.3 billion yen) financing round on October 31, secured by its Bitcoin holdings.

The funds raised will primarily be used to purchase additional Bitcoin, while also being invested in revenue-generating business expansion and share buybacks. As of October 31, the company held 30,823 BTC, and this loan represents approximately 3% of its holdings. The company stated that it will avoid excessive leverage and will only borrow within its capacity to maintain sufficient collateral.