Based on Cryptofrontnews, Metaplanet Inc. has secured a $50 million loan under its credit facility to accelerate its Bitcoin strategy. The funds will be used for additional Bitcoin acquisitions, expanding Bitcoin income generation operations, and potentially enabling share repurchases. The company currently holds 30,823 BTC, valued at over $2.82 billion, and has drawn $280 million from its $500 million credit facility to date.
Metaplanet Secures $50M Loan to Boost Bitcoin Strategy
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