Metaplanet Leverages 30,823 $BTC for $130M Loan. Bitcoin Hyper Rides the Wave Into a $28.5M Presale
PositiveCryptocurrency
- Metaplanet has secured a $130 million loan backed by its substantial Bitcoin holdings of 30,823 BTC, valued at over $2.7 billion. This move reflects a growing trend among corporations to utilize Bitcoin as a long-term collateral asset rather than merely a trading tool.
- The loan positions Metaplanet to enhance its Bitcoin acquisitions, further solidifying its strategy to expand its digital asset portfolio amidst a volatile cryptocurrency market. This approach may bolster the company's financial stability and growth potential.
- The development underscores a broader institutional shift towards adopting cryptocurrencies as part of financial reserves, with Metaplanet's plans to raise an additional $135 million through preferred equity offerings indicating a proactive stance in leveraging digital assets for future growth.
— via World Pulse Now AI Editorial System