Metaplanet Secures $130M Bitcoin-Backed Loan for Expansion
- Metaplanet, a Japanese company, executed a $130 million Bitcoin-backed loan.
- The total borrowed amount now stands at $230 million from a $500 million facility.
- Funds will be used to acquire more Bitcoin and expand income-generation operations.
- This move cements Metaplanet’s status as Japan’s largest corporate Bitcoin holder.
- Asia is witnessing increased institutional interest in Bitcoin, with Japan leading the trend.
Metaplanet has raised $130 million through a Bitcoin-backed loan to enhance its digital asset strategy and maintain its position as Japan’s largest corporate Bitcoin holder. The company plans to use the funds for further Bitcoin acquisition and business expansion.
Source (3.2)https://cryptobriefing.com/metaplanet-acquiring-130m-bitcoin/?rand=59535
