Tokyo-based investment firm Metaplanet Inc. has successfully raised 9.5 billion yen (approximately $60.6 million) by issuing two tranches of bonds to enhance its Bitcoin acquisition strategy.

This move comes as the company seeks to accelerate its planned Bitcoin purchases scheduled for 2025 into the current year.

The firm is issuing 5 billion yen ($31.9 million) as the fifth ordinary bond, alongside an earlier announcement of a 4.5 billion yen ($28.7 million) bond issued on Tuesday. Both bonds are non-interest-bearing and are set to mature on June 16, 2025.

Simon Gerovich, CEO of Metaplanet, stated via a post on X that the newly raised funds will facilitate the company's ongoing Bitcoin buying spree.

As of Dec. 18, Metaplanet holds approximately 1,142.287 BTC, valued at around $110.3 million based on current market rates. This recent activity follows the firm’s May announcement to adopt Bitcoin as a strategic treasury reserve asset.

Following this news, Metaplanet's shares on the Tokyo Stock Exchange experienced a decline of 4.24%, closing at 3,610 yen.

Despite this setback, the company's stock price has surged 2,023% year-to-date. Additionally, shares began trading on the U.S. OTCQX market on Thursday, dropping 9.96% on their first day.