MetaPlanet Secures $130M Bitcoin-Backed Loan

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The post MetaPlanet Secures $130M Bitcoin-Backed Loan appeared first on Coinpedia Fintech News

MetaPlanet has secured a $130 million loan using its Bitcoin holdings as collateral. With a credit facility limit of $500 million and $230 million already drawn, the company holds 30,823 BTC to cover collateral requirements. The loan proceeds will be used to buy more Bitcoin, expand Bitcoin-based revenue streams, and repurchase shares when market conditions are favorable. This move strengthens MetaPlanet’s position as a major Bitcoin accumulator and supports its strategic growth plans.