Metaplanet Secures Additional $130 Million in Bitcoin-Backed Credit for Strategic Expansion

Metaplanet, a Tokyo-listed Bitcoin treasury company, has secured an additional $130 million in Bitcoin-backed credit, furthering its strategy of utilizing collateralized borrowing to boost Bitcoin acquisitions and income generation. The company announced the loan on Friday as part of a previously disclosed credit facility, bringing the total borrowed amount to $230 million since the start of October.