Metaplanet has secured a new $130M Bitcoin-backed loan to add BTC, expand its options income business and support share buybacks, even as it reports large unrealized losses and launches Mars and Mercury preferred shares to address a market discount to its Bitcoin reserves. The post Metaplanet Doubles Down: $130M Loan to Buy More BT Despite $643M Loss – Bold or Reckless? appeared first on Cryptonews.
https://cryptonews.com/news/metaplanet-130m-bitcoin-loan-despite-unrealized-loss/
Metaplanet Doubles Down: $130M Loan to Buy More BT Despite $643M Loss – Bold or Reckless?
