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Home›Crypto›Market Structure›Metaplanet to refinance Bitcoin-collateral loans with…

Metaplanet to refinance Bitcoin-collateral loans with ¥52 billion debt

The plan would also allocate up to ¥28.3 billion for share repurchases.

Reported · Written up by our desk · Market Structure

Metaplanet plans to raise ¥52 billion through a bond sale, aiming to refinance part of its Bitcoin-collateralized borrowing.

According to The Defiant, the company would shift some of that exposure from Bitcoin-backed loans to unsecured debt.

The report also says Metaplanet would devote up to ¥28.3 billion of the proceeds to share repurchases.

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Sources

The DefiantMetaplanet Plans ¥52 Billion Bond Sale to Refinance Bitcoin Loans

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