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

Japanese firm Metaplanet has secured a significant $130 million credit facility, backed by 30,823 bitcoins (BTC), to bolster its existing bitcoin holdings. This move reflects the growing trend of corporations utilizing cryptocurrencies like Bitcoin as part of their financial strategies. By leveraging this BTC-backed financing, Metaplanet aims to strengthen its treasury management and capitalize on opportunities in the cryptocurrency market.