Metaplanet, a Tokyo-listed firm, purchased 1,088 Bitcoin for $117 million, bringing its total BTC holdings to 8,888.
The purchase indicates institutional confidence in the Bitcoin bull cycle, with Bitcoin reaching an all-time high in May.
Metaplanet aims to reach 10,000 BTC by the end of the year, following its aggressive Bitcoin accumulation strategy.
The firm issued $50 million in zero-interest bonds to fund BTC purchases without diluting existing equity, positioning itself for further Bitcoin adoption.