Wu Blockchain (@WuBlockchain): MetaPlanet announced that it has executed a new $130 million loan under its credit facility, secured by its Bitcoin holdings. The facility has a total…
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MetaPlanet announced that it has executed a new $130 million loan under its credit facility, secured by its Bitcoin holdings. The facility has a total limit of $500 million, with $230 million already drawn. The company currently holds 30,823 BTC, sufficient to cover collateral requirements. The funds will be used to purchase additional Bitcoin, expand Bitcoin-based revenue operations, and repurchase shares when market conditions allow. https://t.co/RC17aWA1wX