Metaplanet Boosts Bitcoin Holdings, Stock Soars

Japanese company Metaplanet, listed on the Tokyo Stock Exchange, saw its stock rise after announcing plans to secure a $130 million loan using Bitcoin as collateral. This move comes as other companies with similar Bitcoin treasury strategies, like MicroStrategy, face challenges due to market volatility. Bitcoins price has also seen a recent dip, trading at nearly $87,500, down one percent over a twenty-four-hour period. Metaplanet is actively seeking new funding mechanisms for its Bitcoin acquisition strategy, including plans to introduce a product that would pay dividends to investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.