Tokyo-based Metaplanet Inc. has managed to secure a staggering $100 million loan collateralized by its overwhelming Bitcoin treasury.
The high-stake transaction executed on October 31, taps approximately 3% of the firm’s impressive 30,823 BTC holdings. It goes to show the firm’s undeterred strategy to fuel expansion.
Leveraging Bitcoin Treasury
The undisclosed lender provided the no-expiration-date facility as part of a broader $500 million credit line unveiled on October 28.
This is a major showcase of Metaplanet’s unyielding commitment to Bitcoin as the centrepoint of corporate evolution.
Once a successful IT services provider, Metaplanet transformed significantly under CEO Simon Gerovich, becoming a Bitcoin powerhouse.
As things unfold, Metaplanet stands tall as Japan’s undisputed Bitcoin treasury champion and the world’s fourth-largest corporate holder.
