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MetaPlanet leverages its Bitcoin holdings as collateral to secure $130 million in new borrowing

2 hours ago

On November 25th, a publicly traded Japanese company, MetaPlanet, announced that it had executed a new loan of $130 million under a line of credit agreement, with its held Bitcoin serving as collateral. The credit line has a maximum limit of $500 million, and the total usage has reached $230 million. The company currently possesses 30,823 BTC, which is sufficient to meet the collateral requirement. The raised funds will be utilized to further purchase Bitcoin, promote Bitcoin revenue businesses, and buy back stocks when market conditions permit. The company anticipates that this loan will have a slight impact on its performance in 2025.
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A certain Monad airdrop user mistakenly burned a $112,000 MON reward, due to multiple consecutive failed transactions.

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