Metaplanet Secures $130M Loan to Acquire More Bitcoin

Metaplanet secures a significant loan of $130 million, despite recent losses, to expand its bitcoin holdings. The company is utilizing this loan as a strategic tool to acquire further Bitcoin without selling current reserves. This move reflects a growing trend in the financial industry where Bitcoin is being increasingly viewed as collateral for loans, similar to strategies employed by MicroStrategy. This demonstrates a shift in perspective on Bitcoin’s utility beyond mere speculation and could signal regulatory interest in institutional bitcoin transactions.