News Explorer — Metaplanet Secures $6.8 MIllion Loan to Expand Its Bitcoin Reserves

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Aug 8, 9:36 am

bitcoinmagazine.com

Metaplanet Secures $6.8 MIllion Loan to Expand Its Bitcoin Reserves

Metaplanet, a Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to buy more Bitcoin. This follows their recent announcement of plans to raise ¥10.08 billion through a stock rights offering, primarily for Bitcoin purchases. The company aims to hedge against yen depreciation and believes in the twin benefits of Bitcoin as an appreciating asset and a hedge against a weakening yen.

Metaplanet, a Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to buy more Bitcoin. This follows their recent announcement of plans to raise ¥10.08 billion through a stock rights offering, primarily for Bitcoin purchases. The company aims to hedge against yen depreciation and believes in the twin benefits of Bitcoin as an appreciating asset and a hedge against a weakening yen.

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