TechFlow news, November 5 — According to Coinpost, Japanese listed company Metaplanet completed a $100 million (approximately 15.3 billion yen) financing on October 31, secured by its holdings of Bitcoin.
The raised funds will primarily be used for additional Bitcoin purchases, as well as expanding revenue-generating operations and share buybacks. As of October 31, the company held 30,823 BTC, meaning the loan amount represents about 3% of its current holdings. The company stated it will avoid excessive leverage and only conduct borrowing within a range that maintains sufficient collateral coverage.
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