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Metaplanet Borrows $100 Million Against Its Bitcoin Holdings—To Buy More BTC

Metaplanet, a Tokyo Stock Exchange-listed firm, has secured a $100 million loan using its substantial Bitcoin holdings as collateral. This move aims to increase its Bitcoin accumulation strategy while managing the inherent price volatility associated with the cryptocurrency. In its communications with shareholders, the company assured that it has adopted a cautious approach to financial management, emphasizing the importance of maintaining collateral adequacy even during significant price declines. Currently, Metaplanet holds approximately 30,823 BTC, valued close to $3.2 billion, and plans to acquire a total of 210,000 BTC by 2027, bolstering its status as one of the largest corporate holders of Bitcoin globally. This announcement comes amid scrutiny over the treasury strategies of digital asset firms, especially as other companies face challenges with declining crypto valuations.

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Robinhood (HOOD) Earnings News: Strong Crypto Results Help Drive Earnings Beat

Robinhood reported a remarkable 339% increase in its crypto trading revenue for Q3, amounting to $268 million, following a trading volume of $80 billion. This surge is attributed to the platform's strategic focus on digital assets and diversification into new business avenues, including Prediction Markets and Bitstamp, each

Robinhood (HOOD) Earnings News: Strong Crypto Results Help Drive Earnings Beat

Robinhood reported a remarkable 339% year-over-year increase in its third-quarter crypto trading revenue, reaching $268 million. The company experienced $80 billion in crypto trading volume during the quarter. Adjusted earnings per share (EPS) stood at $0.61, surpassing the expected $0.53, while total net revenue was $1.27 billion,

Robinhood's Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates

Robinhood reported a remarkable 339% year-over-year increase in its crypto trading revenue for Q3, reaching $268 million. The company processed a staggering $80 billion in crypto trading volume during the quarter, a significant rise from $61 million in the same period last year. Adjusted earnings per share stood at $0.

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