Metaplanet lends 1 billion yen to buy additional Bitcoin

Metaplanet, a Japanese investment firm known as the "microstrategy of Asia," has raised $680 million to buy additional Bitcoin.
The company has secured financing. On the 7th (local time) Cointelegraph reported that Metaplanet announced in a statement that it would receive $680 million in financing from MMXX Ventures at an annual interest rate of 0.1%.
The loan will begin on August 8th and will be repaid in a lump sum at maturity. If the entire amount of the loan is used for Bitcoin at the current market price, Metaplanet
The announcement comes as Metaplanet has raised $70 million through a stock distribution, of which 58
This comes two days after the company revealed it plans to allocate $80 million (approximately 8.4 billion yen) to Bitcoin investments. According to Bitcoin Treasureless, MetaPlanet has invested seven times so far.
The company bought 246 Bitcoins separately, which are currently worth $13.95 million at market value. The company's average purchase price for Bitcoin is $65,145.
This represents a drop of around 12.8% since the first Bitcoin investment on April 23rd.