Metaplanet secures a ¥1 billion loan to purchase more Bitcoin after announcing a ¥10.08 billion stock rights offering primarily for Bitcoin purchases.
CEO Simon Gerovich believes in Bitcoin's dual benefits as an appreciating asset and a hedge against yen depreciation, emphasizing the strategy.
Metaplanet follows a playbook similar to MicroStrategy, using debt to accumulate Bitcoin reserves, aiming for future appreciation to pay back loans.
The loan and stock offering highlight Metaplanet's commitment to aggressively grow their Bitcoin holdings, indirectly exposing Japanese investors to Bitcoin.
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