On October 31, MetaPlanet, headquartered in Japan, secured a $100 million loan, placing its Bitcoin reserves as collateral. The tech giant intends to channel these funds into increasing Bitcoin acquisitions, boosting revenue-producing initiatives, and possibly repurchasing shares.
Continue Reading:MetaPlanet’s Ambitious Financial Maneuver: Bitcoin-Backed Borrowing Game
Source: https://en.bitcoinhaber.net/metaplanets-ambitious-financial-maneuver-bitcoin-backed-borrowing-game