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Metaplanet KK ( (JP:3350) ) has issued an update.
Metaplanet Inc. has executed a $50 million loan under its credit facility agreement, secured by its substantial Bitcoin holdings. The funds will be used for additional Bitcoin acquisitions, expanding its Bitcoin income generation business, and potentially for share repurchases, with minimal expected impact on its financial results for the fiscal year ending December 2025.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Average Trading Volume: 50,548,283
Technical Sentiment Signal: Buy
Current Market Cap: Yen452.3B
See more insights into 3350 stock on TipRanks’ Stock Analysis page.