Metaplanet re-loans $130 million to increase its Bitcoin holdings, driving the stock price of Japan's DAT company to big pump.

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BTC0,62%

On Thursday, Japanese digital asset management company Metaplanet's stock rose by about 7%, after the company disclosed that it had provided a loan of $130 million to purchase more Bitcoin. The former hotel operator has transformed into a Bitcoin asset management company, and its increased holding plan has triggered a positive market response, also boosting the stock prices of other DAT companies.

On that day, companies outperforming the Nikkei 225 index included energy company and former cryptocurrency exchange operator Remixpoint, whose stock price rose by 22%, holding approximately $128 million in Bitcoin assets. Other DAT companies also saw stock price increases: SBC Medical Group Holdings rose by about 5%, Gumi rose nearly 3%, and Agile Media Network rose by about 1%, with the overall increase far exceeding Bitcoin's own rise of 0.24%.

Metaplanet's loan this time uses a floating interest rate and a daily reset mechanism, allowing it to flexibly respond to changes in borrowing costs. This is also the company's second loan specifically for purchasing Bitcoin, which can be repaid at any time. Previously, the company also secured a credit line of 500 million dollars, becoming an important part of its ongoing Bitcoin accumulation plan.

Analysis points out that despite the recent decline in digital asset prices, market confidence in Metaplanet's accelerated coin purchasing has clearly increased. Investors are focusing on the long-term sustainability of such balance sheet-oriented strategies, especially against the backdrop of companies imitating MicroStrategy's model whose stock prices are below the value of their held crypto assets, making Metaplanet's robust loan structure appear more flexible and attractive.

Overall, Metaplanet's increase in holdings plan has not only boosted its own stock price but also propelled the market performance of several digital asset management companies in Japan, indicating that investor interest in strategic Bitcoin positions is on the rise.

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