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It's Big & Big #alert About $BTC Investors with Loan of $6.8 M !
Metaplanet Invests in Bitcoin with a $6.8 Million Loan
Japan’s Tokyo Stock Exchange-listed investment firm Metaplanet has taken a $6.8 million loan with a long-term value increase forecast in the cryptocurrency market.
The company’s board announced that nearly all of the loan would be allocated for Bitcoin purchases.
Metaplanet also plans to increase its Bitcoin investments by allocating $68 million in stock purchase rights.
Tokyo-based investment firm Metaplanet announced today that it has taken a loan worth 1 billion yen, approximately $6.8 million, with an annual interest rate of 0.1%.
The firm plans to use this loan to purchase Bitcoin. However, if BTC falls, this move could be very risky.
Japan’s Tokyo Stock Exchange-listed investment firm Metaplanet has taken a $6.8 million loan with a long-term value increase forecast in the cryptocurrency market.
The company’s board announced that nearly all of the loan would be allocated for Bitcoin purchases.
Metaplanet also plans to increase its Bitcoin investments by allocating $68 million in stock purchase rights.
Metaplanet’s Strategic Decision Could Be RiskyStock Purchase Rights Allocation
Metaplanet’s Strategic Decision Could Be Risky
Tokyo-based investment firm Metaplanet announced today that it has taken a loan worth 1 billion yen, approximately $6.8 million, with an annual interest rate of 0.1%.
The firm plans to use this loan to purchase Bitcoin. However, if BTC falls, this move could be very risky. Access NEWSLINKER to get the latest technology news.
The board believes that Bitcoin holds long-term value and aims to keep Bitcoin as a core asset.
The company stated that if Bitcoin is used for operational purposes, the relevant Bitcoin balance would be recorded as a current asset on the balance sheet.