Metaplanet has raised $100 million by pledging its bitcoin assets, which will be used primarily to buy more bitcoins, expand its revenue business and buy back shares, and partly for its earnings business, which will create and sell cash-backed bitcoin options to earn a steady income while holding bitcoins.
As of October 31, the company held 30,823 bitcoins (about $3.517 billion), and the amount borrowed this time accounted for about 3% of that holding.
Metaplanet collateralizes bitcoin assets to raise $100 million to increase bitcoin holdings and expand revenue business
2025-11-05 08:05:50
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