MetaPlanet Resumes Bitcoin Purchases After Securing $100M Funding
- MetaPlanet confirmed a $100 million loan secured against its crypto holdings on October 31.
- The firm owns approximately 30,823 BTC, valued at $3.33 billion, making it the fourth-largest Bitcoin treasury globally.
- The loan represents only 3% of MetaPlanet’s total Bitcoin reserves, allowing for a collateral buffer during price fluctuations.
- The company aims to acquire 210,000 BTC by 2027, following a recent international share offering that raised $1.4 billion.
- MetaPlanet’s last Bitcoin purchase was on October 1, when it acquired 5,268 BTC for around $116,870 each.
This funding allows MetaPlanet to resume its strategy of accumulating Bitcoin and investing in income-generating projects while maintaining financial stability through safe collateral margins.
With a year-to-date return of 497% on its Bitcoin investments, MetaPlanet is poised to enhance its treasury significantly with the new capital.(Source)
