Key Takeaways
- Metaplanet secured a 1 billion yen loan at a remarkably low interest rate of 0.1% APR.
- Metaplanet’s actions clearly indicate a robust commitment to Bitcoin as part of its corporate strategy,
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Metaplanet, a Japanese publicly traded company often compared to MicroStrategy, announced today that it has secured a loan of 1 billion yen. The entire loan amount is dedicated to purchasing Bitcoin, a decision ratified at the company’s latest Board of Directors meeting.
The loan, obtained from MMXX Ventures Limited, carries an interest rate of 0.1% per annum with a six-month term and will be repaid in a lump sum.
The announcement comes one day after the company announced plans to raise approximately $70 million via a stock rights offering, with about $58 million earmarked specifically for Bitcoin investments.
Metaplanet has demonstrated strong confidence in Bitcoin by leveraging both debt and equity financing…
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