Metaplanet Takes Another ¥1 Billion Loan to Buy Bitcoins, the Best Yen Carry Trade?

Quick Summary:

Metaplanet continues to make an aggressive push for its Bitcoin purchases by securing an additional loan of 1 billion Japanese Yen.

The announcement comes soon after the Japanese firm announced its $68 million stock rights offering for BTC acquisition.

However, the Bank of Japan Governor said that they might consider pausing the rake hikes moving ahead if the global markets remain unstable.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: 24/7 Cryptocurrency News Bitcoin News Bitcoin ETF inflows Bitcoin whales Bitcoin ETF Metaplanet Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 04:18:10 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21978444

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

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