Bitcoin Treasuries Surge: Metaplanet and Adam Back’s Future Lead Corporate Accumulation
- Japan’s Metaplanet drew US$100M from its US$500M facility to expand Bitcoin reserves, backed by 30,823 BTC in collateral.
- Switzerland’s Future Holdings AG raised CHF 28M to build Europe’s leading Bitcoin treasury platform.
- The moves reflect rising global corporate momentum to integrate Bitcoin into institutional balance sheets.
Global corporate interest in Bitcoin treasuries continues to accelerate, with Japan’s Metaplanet Inc. and Switzerland’s Future Holdings AG (FUTURE) both deepening their commitments to the digital asset.
Metaplanet has drawn fresh capital to expand its already substantial Bitcoin holdings, while FUTURE has secured new funding to strengthen its institutional platform for Bitcoin treasury operations across Europe. Together, their moves highlight accelerating global momentum for Bitcoin as a corporate reserve asset.
Metaplanet Expands Reserves
Metaplanet has drawn US$100 million (AU$155 million) from its US$500 million (AU$768 million) credit facility to further expand its Bitcoin reserves. The company, listed on the Tokyo Stock Exchange, finalised the loan on 31 October, backed by its 30,823 BTC, which is valued at about US$3.5 billion (AU$5.43 billion), as collateral.
Metaplanet said the funds will support additional Bitcoin purchases, its Bitcoin Income Generation division, and potential share repurchases depending on market conditions. The firm underscored that it has “adopted a conservative financial management policy” to ensure all loans remain safely collateralised even in the event of steep price declines. It further noted its commitment to maintaining prudent leverage levels.
Founded in 1999 and formerly focused on hospitality and technology, Metaplanet repositioned itself as Japan’s first Bitcoin treasury company in 2024. It currently holds the fourth-largest Bitcoin treasury globally, with plans to increase its holdings to 210,000 BTC by 2027, accounting for roughly 1% of the total Bitcoin supply.
Related: Metaplanet Expands Bitcoin Strategy With New US and Japan Subsidiaries
FUTURE Secures Funding
On the institutional front, Switzerland-based FUTURE, co-founded by Adam Back, has secured CHF 28 million (AU$66.5 million) in funding from investors including Fulgur Ventures, Nakamoto, and TOBAM. The firm aims to become Europe’s leading Bitcoin treasury platform, bridging traditional finance with Bitcoin through operations spanning treasury management, research, infrastructure, and advisory.
FUTURE’s CEO Sebastien Hess said the investment demonstrates confidence in the firm’s team and goals.
Their commitment reflects confidence in our execution and in our vision to build Europe’s Premier Bitcoin Treasury Company, a trusted institutional gateway that connects Bitcoin with global capital through financial discipline, technology, and transparent governance.
Sebastien Hess, CEO of FUTURE Chairman Richard Byworth highlighted Switzerland’s low base rates and favourable bond yields as advantageous conditions for expanding a Bitcoin treasury business.
As Metaplanet and FUTURE both deepen their commitments to Bitcoin, the trend underscores increasing corporate momentum toward integrating the digital asset into institutional balance sheets.
Related: EU Eyes Centralised Oversight of Stock and Crypto Exchanges to Rival US Markets