Metaplanet has borrowed an additional 130 million USD to accumulate BTC
Metaplanet has just borrowed an additional 130 million USD secured by #Bitcoin, with a total borrowing limit of 500 million USD, of which 230 million USD has been withdrawn.
The main goal remains to buy more $BTC, especially targeting to own 210,000 BTC by the end of 2027.
Currently, Metaplanet holds 30,823 BTC, valued at approximately 2.7 billion USD, currently incurring a loss of ~600 million USD on paper 😁
Metaplanet's stock has dropped 81% since June, with a market value significantly lower than net assets (mNAV ~0.81).
BTCUSDT
Perp
90,291
-2.03%