Japanese hotel developer Metaplanet is securing a loan of 2 billion yen (13.5 million USD) to increase its Bitcoin investments. The firm aims to grow its total Bitcoin holdings from 2,888 BTC to 21,000 BTC by 2026.
After experiencing financial losses for six consecutive years, Metaplanet has become profitable, boasting robust stock performance. CEO Simon Gerovich announced the company’s strategy to “buy the dip” in the Bitcoin market.
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