MetaPlanet Raises $100 Million Secured by Bitcoin Holdings

MetaPlanet announced in a press release dated November 4th that it had secured a loan of $100 million (approximately 15.3 billion yen) on October 31st, using its Bitcoin holdings as collateral. The raised funds will primarily be used for the acquisition of additional Bitcoin, as well as for expanding income-generating projects and share buybacks. As of October 31st, the company held 30,823 BTC, valued at approximately 540 billion yen. The loan amount represents about 3% of this holding, maintaining a sufficient margin of collateral even in the event of a price decline. The company has stated that it will only undertake borrowing within the limits of maintaining sufficient collateral, even in significant market downturns, thereby avoiding excessive leverage.