The loan comes shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program after its market-based net asset value fell below one.
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After dropping under its 365-day moving average price, Bitcoin faces uncertainty as analysts weigh whether it signals a looming bear market or a brief pullback.
Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC on Tuesday, new data confirmed.
Bitcoin traded 20% below its all-time high of $126,000 as key onchain and technical indicators suggested that BTC has entered a new bear market.
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Columbia Business School adjunct professor Omid Malekan claimed there are a few crypto buying companies that tried to "create sustainable value. But I can count ...