Metaplanet Secures $130 Million Bitcoin-Backed Loan for Growth Strategy

Metaplanet, a publicly traded cryptocurrency treasury company headquartered in Tokyo, has secured a substantial loan of $130 million as part of its existing $500 million credit line backed by Bitcoin. This financing, closed on November 21st, brings the total credit utilization to $230 million and will be allocated towards strategic investments, acquisitions, and share buybacks, contingent upon market conditions.