
Metaplanet, listed on the Tokyo Stock Exchange Standard, continues leveraging Bitcoin in corporate finance, now raising $50 million using the asset as collateral for further Bitcoin purchases.
Metaplanet Inc., a Tokyo Stock Exchange Standard-listed firm, raised $50 million on December 5 using its Bitcoin holdings as collateral to acquire more Bitcoin, according to BitcoinTreasuries.NET. This follows its earlier $130 million loan disclosed in June, also aimed at expanding Bitcoin positions, income-generating projects, or potential share buybacks. The latest move reinforces Metaplanet’s strategy of using Bitcoin as a core asset in corporate finance operations.