Metaplanet Secures $500M Bitcoin-Backed Credit Line, Expands Treasury Strategy

BITCOIN DOMINANCE, ALTCOIN SEASON, BTC.D. Photo by BeInCrypto On Tuesday, Metaplanet announced a $500 million credit facility backed by Bitcoin to support long-term BTC holdings and improve capital efficiency. The company also continues its ¥75 billion ($500 million) share repurchase program. The announcement reflects its growing role as a publicly traded Bitcoin treasury company in Japan. However, some industry observers have raised concerns regarding potential collateral and market volatility risks. B ...