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

Metaplanet, a Japanese company listed on the Tokyo Stock Exchange, has secured a $100 million loan using its Bitcoin holdings as collateral to purchase more BTC. This move highlights the firm’s intention to adapt its borrowing and Bitcoin accumulation strategy according to market volatility. Despite recent price drops in Bitcoin, Metaplanet reassured investors by stating that it is adopting a conservative approach to financial management, ensuring that borrowing is kept within safe limits to avoid excessive leverage. Currently, Metaplanet holds approximately 30,823 BTC valued at nearly $3.2 billion. The company aims to acquire 210,000 BTC by 2027 as part of its strategic plan. This announcement comes at a time when other firms are retreating from cryptocurrency investments due to market fluctuations, raising concerns about treasury strategies like those pioneered by MicroStrategy.

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