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btc-backed loan
A BTC-backed loan is a type of secured loan in which the borrower uses their Bitcoin (BTC) holdings as collateral to receive cash or stablecoins, without having to sell the Bitcoin. The lender holds the BTC as security until the loan is repaid, and if the borrower defaults, the lender can liquidate the collateral to recover the debt.
Metaplanet Secures $100 Million Bitcoin-Backed Loan
Tokyo-based investment firm Metaplanet has obtained a $100 million loan backed by its Bitcoin holdings to finance additional BTC purchases and initiate a corporate share-buyback program aimed at restoring investor confidence.
Loan structure...
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