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Tokyo-based Metaplanet is doubling down on its Bitcoin bet as it secures a 1 billion yen (approximately $6.8 million) loan to further expand its BTC holdings just nearly three weeks after hitting its initial acquisition target.

According to an Aug. 8 notice, the Japanese investment consultant entered into a loan agreement with MMXX Ventures Limited, a British Virgin Islands-based investment firm, for the sole purpose of purchasing Bitcoin.

MMXX Ventures Limited is an existing shareholder in Metaplanet, suggesting a strong alignment of interests between the two entities.

The loan carries a relatively low interest rate of 0.1% per annum and a six-month term, with a lump sum repayment due upon maturity.

The announcement comes as Metaplanet just two days ago said it plans to raise nearly $70 million, with about $58.76 million allotted for more Bitcoin investments.

In April, Metaplanet embarked on an ambitious Bitcoin acquisition strategy, drawing parallels to Michael Saylor’s Microstrategy. Its goal is to establish itself as a pioneer in Japan’s digital landscape.

By July 22, the company had achieved the acquisition of 1 billion Japanese yen worth of Bitcoin, bringing its total holdings to 245.99 BTC, valued at about $16.5 million at the time. Now, that Bitcoin reserve is worth approximately $14 million as Bitcoin exchanges hands at over $57,000 following a sudden market downturn earlier this week.

Metaplanet’s stock price is up 20.19% over the last day, trading at 893.00 Japanese yen ($6.12), according to Google Finance.