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

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Is Metaplanet’s Bitcoin Strategy Failing mNav Drops Below 1

The post Metaplanet Secures $130M Bitcoin-Backed Loan Amid Crypto Market Slide appeared first on Coinpedia Fintech News

Metaplanet just locked in a fresh $130 million loan using its massive Bitcoin reserves as collateral.

The deal expands one of the largest corporate Bitcoin-backed financing plays to date, arriving right as BTC trades far below the company’s cost basis, putting its strategy directly under market pressure.

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