Metaplanet Secures $100 Million Bitcoin Loan for Corporate Growth Strategy

Investment firm Metaplanet has secured a $100 million loan, utilizing its Bitcoin holdings as collateral, to support its expansion strategy. This move comes after the company established a $500 million credit facility and follows their aggressive Bitcoin accumulation plan. The loan will be used for acquiring additional cryptocurrency assets, expanding options trading operations, and potentially funding share repurchases. The borrowing represents only 3% of Metaplanet’s total Bitcoin reserves, valued at approximately $3.5 billion as of October, with no fixed maturity date and the possibility to repay the loan whenever desired.