Metaplanet has drawn $130 million in Bitcoin-backed credit from its $500 million facility, using the funds to accelerate Bitcoin purchases and income strategies while managing unrealized losses on holdings purchased at an average of $108,036 per BTC. Metaplanet expands Bitcoin treasury with $230 million cumulative loans. The company employs debt and preferred equity to fund […]
Source: https://en.coinotag.com/metaplanet-draws-130m-bitcoin-loan-to-potentially-expand-holdings-and-buybacks
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