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99bitcoins

Metaplanet Goes All In: $100M Bitcoin-Backed Loan to Buy More BTC

Metaplanet Inc., the Tokyo‑listed company building a large Bitcoin treasury, has taken out a $100 million loan backed by a portion of its existing Bitcoin holdings. The company drew from a credit facility on October 31 and pledged part of its 30,823 BTC stash, which was valued at about $3.5 billion at the time. The..The post Metaplanet Goes All In: $100M Bitcoin-Backed Loan to Buy More BTC appeared first on 99Bitcoins.

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