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Metaplanet has raised 100 million dollars by pledging Bitcoin assets to increase its holdings in Bitcoin and expand its revenue business.
[Metaplanet raises $100 million by pledging Bitcoin assets to increase Bitcoin holdings and expand revenue business] Metaplanet has raised $100 million by pledging its Bitcoin assets, and the funds will mainly be used to purchase more Bitcoin, as well as to expand the revenue business and repurchase shares. A portion of the funds will also be used for the revenue business, which will create and sell cash-backed Bitcoin Options, thereby earning stable income while holding Bitcoin. As of October 31, the company holds 30,823 Bitcoins (approximately $3.517 billion), and the amount of this loan accounts for about 3% of that holding.