Metaplanet stock soars 20% as firm agrees to 1 billion yen loan to fund Bitcoin acquisition
Metaplanet said the loan would be collateral free.
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Metaplanet said the loan would be collateral free.
Oluwapelumi Adejumo 2 min read
The Japanese firm plans to offer stock rights to directly fund a $58 million Bitcoin expansion.
The firm transferred a total of $2.85 billion in BTC to new wallets amid creditor repayments.
Bitcoin price has shown a varied performance amid the several maket developments during the past day.
The company is already sitting on some level of profits thanks to Bitcoin recent price increase.
Mt. Gox moves $5.8 billion in Bitcoin in several transactions today.
Sony will debut the revamped S.BLOX exchange at an undisclosed date.
The subsidiary will look to position the firm for global expansion.
Mt. Gox creditors finally see light at the end of the tunnel after waiting for nearly a decade for their digital assets.