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MetaPlanet Secures $130M Bitcoin-Backed Loan

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Credit : coinpedia.org

MetaPlanet has secured a $130 million mortgage utilizing its Bitcoin holdings as collateral. With a credit score facility restrict of $500 million and $230 million already drawn, the corporate owns 30,823 BTC to cowl collateral necessities. The mortgage proceeds will likely be used to buy extra Bitcoin, broaden Bitcoin-based revenue streams, and repurchase shares when market situations are favorable. This transfer strengthens MetaPlanet’s place as a serious Bitcoin accumulator and helps its strategic development plans.

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READ  Metaplanet (3350) Doubles Down on BTC With $54M Purchase as Shares Slide

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