The electronic structure change during the reversible Li-ion storage reaction in a bimetallic MnFePrussian blue analogue (LixK0.14Mn1.43[Fe(CN)6]·6H2O) was investigated by soft x-ray absorption spectroscopy. The Mn L2,3-edge spectra revealed the unchanged Mn 2+ high-spin state regardless of Li-ion concentration (x). On the other hand, the Fe L2,3-edge spectra clearly revealed a reversible redox behavior as Fe 3+ ↔ Fe 2+ states with Li-ion insertion/extraction. Experimental findings suggested strong metal-to-ligand charge transfer in accompany with ligand-to-metal one. The resulting charge delocalization between the Fe and CN is considered to contribute to the high reversibility of the Li-ion storage process.