Japanese investment firm Metaplanet has obtained a $6.8 million loan from shareholder MMXX Ventures to bolster its Bitcoin holdings. The loan, carrying a 0.1% annual interest rate and a six-month term starting August 8, is set to be repaid in a lump sum. If entirely allocated to Bitcoin, this loan would allow Metaplanet to purchase an additional 118.5 BTC at current market prices.

This move follows Metaplanet’s announcement to raise $70 million through a stock rights offering, with $58 million dedicated to Bitcoin investments. The firm has so far acquired 246 BTC, valued at $13.95 million, as a hedge against Japan’s mounting debt and the depreciating yen. CEO Simon Gerovich emphasized Bitcoin’s potential to improve the company’s financial stability. Since adopting its Bitcoin strategy, Metaplanet’s stock has surged 290%, though it has recently dipped from its peak due to market volatility.