PANews reported on November 25th that Metaplanet Inc. announced it executed a $130 million loan on November 21st, secured by its Bitcoin holdings, under a credit agreement disclosed on October 28th. The funds will be used to increase its Bitcoin holdings, expand its Bitcoin yield business, and repurchase shares, depending on market conditions. As of the end of October, the company held 30,823 BTC, with a market value of approximately $3.5 billion.PANews reported on November 25th that Metaplanet Inc. announced it executed a $130 million loan on November 21st, secured by its Bitcoin holdings, under a credit agreement disclosed on October 28th. The funds will be used to increase its Bitcoin holdings, expand its Bitcoin yield business, and repurchase shares, depending on market conditions. As of the end of October, the company held 30,823 BTC, with a market value of approximately $3.5 billion.
Metaplanet borrows another $130 million using Bitcoin as collateral.
PANews reported on November 25th that Metaplanet Inc. announced it executed a $130 million loan on November 21st, secured by its Bitcoin holdings, under a credit agreement disclosed on October 28th. The funds will be used to increase its Bitcoin holdings, expand its Bitcoin yield business, and repurchase shares, depending on market conditions. As of the end of October, the company held 30,823 BTC, with a market value of approximately $3.5 billion.
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