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The Japanese investment firm Metaplanet announced that it has reached its goal for this year by acquiring 1,112 Bitcoin for about $117 million, raising its total holdings to 10,000 Bitcoin. At the same time as the announcement, the board approved a $210 million bond issuance to the Cayman Islands-based investment firm EVO Fund.

 

These interest-free bonds, which mature in December, are included in the company’s regulatory filing, which states that the proceeds from the bond sale will be used to purchase Bitcoin. Metaplanet did not clarify whether the 1,112 BTC was bought before or after the funds were received, although the timing suggests that the two events are closely related.

As of Sunday, “we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin,” according to a post by CEO Simon Gerovich. CoinMarketCap data indicates that on Monday, the price of Bitcoin was $105,521.

 Metaplanet is committed to accumulating 210,000 BTC by 2027  after rebranding from a hotel and technology company to a Bitcoin treasury in 2024. The company stated in January that it would use “accretive capital market tools” to finance its plans to increase its holdings by 470 percent this year to achieve the 10,000 BTC milestone.

The company’s board of directors also approved issuing the 18th series of ordinary bonds with a zero percent interest rate to the EVO FUND. The bonds are expected to mature on December 12 of this year, and the proceeds will be used to purchase more Bitcoin.

It projected that the bond issuance would not significantly impact the company’s consolidated financial results for the fiscal year ending in December 2025. “We will promptly provide an update if any material impact on our financial performance or other matters arises,” the statement reads.