The company began its Bitcoin-focused strategy in April 2024 and has set an ambitious target of holding 10,000 BTC by the end of 2025

With its latest purchase, it has now reached more than halfway toward that goal.

To fund its ongoing BTC buys, Metaplanet also announced the issuance of another $25 million in ordinary bonds.

This marks the firm’s 13th bond issuance, following a similar $25 million raise just a week ago.