TechFlow news, on November 25, Japanese listed company MetaPlanet announced it has drawn down a new $130 million loan under its credit facility agreement, secured by its held Bitcoin. The facility has a maximum limit of $500 million, with cumulative usage reaching $230 million. The company currently holds 30,823 BTC, sufficient to cover the collateral requirements. The raised funds will be used to purchase additional Bitcoin, advance Bitcoin-related revenue operations, and repurchase shares when market conditions permit. The company expects this borrowing to have a minimal impact on its fiscal year 2025 performance.
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