Metaplanet Secures $130 Million Loan for Bitcoin Purchases

Tokyo-based company Metaplanet has secured a new $130 million loan from its Bitcoin-backed credit facility, increasing the total loan amount to $230 million. This funding will be used to acquire more bitcoin, expand income-generating initiatives based on bitcoin, and potentially repurchase shares if suitable conditions exist. The loan was executed on November 21 with a lender who requested anonymity, and it automatically renews daily. Interest is calculated using a U.S.-dollar reference rate plus a spread.