Metaplanet KK (JP:3350) has released an update.
Metaplanet Inc. has announced the acquisition of a JPY 1 billion loan specifically for Bitcoin investment from MMXX Ventures Limited, a shareholder in the company. The transaction is noted as a related party transaction, with measures taken to prevent conflicts of interest as their Representative Director Simon Gerovich, who holds a majority of voting rights in MMXX Ventures, abstained from the loan’s deliberation and decision-making.
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