Metaplanet Secures $130M Bitcoin-Backed Loan Amid Crypto Market Slide

Ah, Metaplanet! In their infinite wisdom, they have boldly ventured into the cosmic void of finance, securing a loan of $130 million, all while using their Bitcoin stash as collateral. A risky gambit? Perhaps. But what are the whims of the market, if not the dance of fate? 💰💫

This venture, not for the faint of heart, is one of the largest corporate Bitcoin-backed financing plays to date. And, oh, how serendipitous that it arrives at the precise moment when Bitcoin trades far beneath Metaplanet’s cost basis. Could they be playing a game of financial chicken with the universe itself? It seems the market has decided to press its thumb firmly on the scales, as their strategy now teeters perilously close to the abyss. ⛓️📉

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2025-11-25 14:24