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James Hunt

Metaplanet Draws $130 Million from Bitcoin-Backed Credit Line for Additional BTC Purchases

Tokyo-listed Metaplanet has drawn an additional $130 million from its bitcoin-backed credit facility to fund further BTC acquisitions and income-generation activities. The loan was executed on November 21 under the company's existing $500 million facility, bringing total borrowings to $230 million. Metaplanet holds 30,823 BTC, valued at approximately $2.7 billion, which the company says provides substantial collateral coverage.
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