The company said its 30,823 BTC reserve provides ample collateral headroom under the $500 million facility, with $230 million now drawn. 

Tokyo-listed Bitcoin treasury company Metaplanet has drawn another $130 million in Bitcoin-backed credit, expanding its use of collateralized borrowing to accelerate BTC purchases, income-generation strategies and potential share buybacks. On Tuesday, Metaplanet disclosed it executed the loan on Friday under a previously announced credit facility. The borrowing forms part of the company’s $500 million credit...

Bitcoin miner profitability has fallen to an all-time low, pushing operators to shut down rigs or repurpose facilities. Hashprice has collapsed to its weakest level ...