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Kyle Baird

Metaplanet Secures $100 Million Loan Against Bitcoin Holdings to Fund Additional Purchases

Tokyo-listed Metaplanet Inc. closed a $100 million credit facility on October 31, collateralized by part of its 30,823 BTC holdings valued at approximately $3.2 billion. The loan will finance additional bitcoin acquisitions and support the company's income-generation program that earns option premiums on pledged BTC.
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