Bitcoin Updates: Stocks Connected to Bitcoin Surge as Metaplanet Secures $130M Loan for BTC Acquisition
- Tokyo-listed Metaplanet borrowed $130M against 30,823 BTC collateral amid market downturn, signaling institutional crypto confidence. - The firm aims to expand BTC holdings to 210,000 by 2027 using debt, mirroring MicroStrategy's treasury strategy despite volatility risks. - Shares rose ¥366 as investors back Bitcoin-centric model, though regulators scrutinize such structures amid Asian market concerns.
Metaplanet, a company listed in Tokyo,
The loan arrangement uses a variable interest rate linked to U.S. dollar benchmarks and is renewed daily, giving Metaplanet the flexibility to repay at any time without a set maturity date
Metaplanet’s approach is similar to that of MicroStrategy and other companies that treat Bitcoin as a primary treasury asset, using leverage to increase their holdings during market dips
This loan news comes as Bitcoin trades near $87,036, a 0.34% drop for the day and more than 24% below its monthly high
Japan’s distinctive tax policies, which favor Bitcoin-related stocks over direct cryptocurrency ownership, have led to a trend where such firms outperform the underlying asset
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