MetaPlanet announced that it has disbursed an additional 130 million USD from its credit line, with the collateral being the large amount of Bitcoin the company holds. This new disbursement brings the total utilized funds to 230 million USD out of the total 500 million USD credit limit. Currently, the company owns 30,823 BTC, sufficient to meet all collateral and risk management requirements. According to MetaPlanet, the new capital will be used for three key objectives.
First, the company will purchase more Bitcoin to strengthen its long-term digital asset position. Second, it will expand revenue-generating activities based on Bitcoin, promoting new financial and operational models. Finally, the company may buy back shares when market conditions are favorable to optimize shareholder value. This move demonstrates MetaPlanet’s strong focus on a Bitcoin-centered strategy.
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Metaplanet borrows an additional 130 million USD to expand its Bitcoin-focused strategy
MetaPlanet announced that it has disbursed an additional 130 million USD from its credit line, with the collateral being the large amount of Bitcoin the company holds. This new disbursement brings the total utilized funds to 230 million USD out of the total 500 million USD credit limit. Currently, the company owns 30,823 BTC, sufficient to meet all collateral and risk management requirements. According to MetaPlanet, the new capital will be used for three key objectives.
First, the company will purchase more Bitcoin to strengthen its long-term digital asset position. Second, it will expand revenue-generating activities based on Bitcoin, promoting new financial and operational models. Finally, the company may buy back shares when market conditions are favorable to optimize shareholder value. This move demonstrates MetaPlanet’s strong focus on a Bitcoin-centered strategy.