Metaplanet To Borrow $130 Million For Renewed Bitcoin Purchases

Metaplanet Inc. (OTC:MTPLF) borrowed another $130 million against its Bitcoin (CRYPTO: BTC BTC - $87333.923 holdings on Nov. 21 to expand purchases, income-generation strategies, and potential share buybacks. Metaplanet Draws More Capital From Its Bitcoin Credit Line The company said the new loan was executed under its previously approved $500 million Bitcoin-backed facility, with total usage now at $230 million.

Source: benzinga.com

Related symbols: BTCUSD

2025-11-25 18:58:04 GMT.

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Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,952,637. The last known price of Bitcoin is 86,012.80396992 USD and is down -0.42 over the last 24 hours. It is currently trading on 12485 active market(s) with $66,047,695,593.92 traded over the last 24 hours. More information can be found at https://bitcoin.org/.