Is Metaplanet in Trouble? Bitcoin Price Action Raises Concerns

TLDR: Metaplanet is down 78% from its peak, with BTC far below its cost basis. The company secured a $100M Bitcoin-backed loan to fund new purchases. Bitcoin trades near $101,219, down 5.28% over the past week. Weekly closing below the 50-week SMA could increase selling pressure on BTC treasuries. Metaplanet’s Bitcoin holdings have come under [...]

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