Tokyo-listed Bitcoin treasury company Metaplanet secures a $130 million Bitcoin-backed loan to accelerate BTC purchases, income-generation strategies, and potential share buybacks. The loan is part of a $500 million credit line, bringing total loans drawn to $230 million. Metaplanet employs a two-track funding strategy using debt and equity instruments to scale its Bitcoin strategy. The company continues to hold onto its BTC despite nearly 20% unrealized losses, with plans to accumulate more. Community member Ragnar speculates that the company bought the Bitcoin dip when the price dropped to $82,000.

Read more at Cointelegraph: Metaplanet Doubles Bitcoin-Backed Borrowing With Fresh $130M Loan