The Bitcoin Credit Stack
all rates APR, act/365 · as of 2026-09-22

Instruments · metaplanet

metaplanet_btc_facility

metaplanet_btc_facility

Terms

IssuerMetaplanet Inc.
Tickernot stated
Typecredit_facility
Rate policynot stated
Rate policy terms[object Object]
Cumulativenot stated
Seniority rank1
Maturitynot stated
Liquidation preferencenot stated
Outstanding414000000
CurrencyUSD
USD translation (issuer-filed)not stated
Statusoutstanding
Source for the seniority ranking

Secured: "under the Bitcoin-collateralized credit facility used by the Group, the facility's lender holds a priority right over the Bitcoin pledged as collateral" (https://contents.xj-storage.jp/xcontents/33500/ccef5126/8cc0/4501/b779/01892d97a274/140120260813519694.pdf). Ranked ahead of the unsecured bonds and the preferred because it is secured — a structural ordering to the extent of the collateral, not a quoted intercreditor clause.

Market

Close pricenot stated
Price datenot stated
Price sourcenot stated
Confidencenot stated
Declared ratenot stated
Effective yieldnot stated
Attachment pointnot stated
Coverage rationot stated
Coverage as ofnot stated

Issuer bitcoin holdings

Holdings43,000 BTC
As of2026-08-18
Sourcehttps://contents.xj-storage.jp/xcontents/33500/c02155bd/0bd0/4333/ac51/6085aab46d18/140120260818522603.pdf (Super League notice, 2026-08-18): "held 43,000 BTC as of August 18, 2026". Same count at 2026-06-30 in the Q2 FY2026 Tanshin (https://contents.xj-storage.jp/xcontents/33500/ccef5126/8cc0/4501/b779/01892d97a274/140120260813519694.pdf). 2,100 BTC are to move in kind to Super League (a group subsidiary) in Q4 2026 — still inside the group.

Valued in the payload at $86,370 as at 2026-09-21. Holdings and price carry different as-of dates and are not restated to a common one.

What the returns below are, and are not.

No dividend-payment record exists in this database and accrued_flag is null on every row, so income is what the terms accrue, not what was confirmed paid. For a cumulative preferred that difference is the credit question.

Where this comes from

RESThttps://api.bitcoincreditstack.com/v1/market/corporate/instruments
As of2026-09-21