"MetaPlanet to seek $130 million in financing…to use Bitcoin as collateral for additional purchases"
Minseung Kang
Summary
- MetaPlanet said it will seek to raise $130 million in financing using Bitcoin as collateral.
- The company said it plans to use the funds to buy additional Bitcoin.
- Previously, MetaPlanet said it had used funds raised through issuing convertible bonds to purchase Bitcoin.
Japanese-listed company MetaPlanet (MetaPlanet) is seeking to raise $130 million in financing using Bitcoin (BTC) as collateral. The company plans to use the funds to purchase additional Bitcoin.
On the 25th, virtual asset (cryptocurrency) information platform BitcoinTreasuries.NET reported via X (formerly Twitter) that "MetaPlanet is raising $130 million in financing secured by the Bitcoin it holds to pursue additional BTC purchases."
Previously, MetaPlanet had used funds raised through issuing convertible bonds to purchase Bitcoin.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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