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

BlockBeats News, November 25, a Japanese publicly traded company, MetaPlanet, announced that it has executed a new $130 million loan under a line of credit agreement, with its held Bitcoin as collateral. The credit line has a maximum limit of $500 million, with a total usage of $230 million.

The company currently holds 30,823 BTC, enough to cover the collateral requirement. The raised funds will be used to further purchase Bitcoin, advance Bitcoin revenue businesses, and buy back stocks when market conditions allow. The company expects this loan to have a slight impact on its performance in 2025.