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Japanese investment consultancy Metaplanet has completed its goal of purchasing 1 billion Japanese yen — about $6.3 billion — worth of Bitcoin, the company announced on July 22.

On June 24, the consulting firm announced plans to raise 1 billion yen by issuing bonds, with the proceeds earmarked for purchasing Bitcoin. The company stated its intention to hold the acquired BTC as a long-term investment.

The company said it reached its target after purchasing a total of 20.381 Bitcoin for 200 million yen ($1.3 million), with an average price of 9,813,061 yen ($62,662.28) per BTC.

Following their plan to purchase 1 billion yen worth of Bitcoin, the company acquired 104.91 BTC at an average price of 9,531,162 yen (approximately $60,700) apiece. This brings their total Bitcoin holdings to 245.99 BTC, with an estimated market value of $16.5 million.

On the heels of its recent purchase, Metaplanet’s stock jumped, increasing by 19.31% to 173 yen ($1.10), according to data from Google Finance.

Metaplanet reported that it would “embrace” Bitcoin as its core treasury asset in April, committing an initial 1 billion yen ($6.3 billion). The company described the move as a “significant milestone” in its attempt to position itself as a pioneer in digital adoption in Japan.

Since announcing its initial Bitcoin investment earlier this year, Metaplanet’s share price has skyrocketed from approximately $0.12 to $1.10, representing a staggering 810% increase.