Metaplanet Secures ¥1 Billion Loan to Buy More Bitcoin
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Metaplanet, a publicly listed Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to purchase additional Bitcoin. This comes just days after announcing plans to raise ¥10.08 billion through a stock rights offering, primarily for buying more Bitcoin.
Metaplanet first revealed its intention to increase its Bitcoin holdings amid the growing interest and acceptance of cryptocurrencies globally. By securing this loan, Metaplanet demonstrates its strong commitment to expanding its Bitcoin portfolio and taking advantage of the potential long-term gains of the cryptocurrency market.
Source: bitcoinmagazine.com ↗
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