Japanese investment firm Metaplanet Inc. has announced plans to purchase Bitcoin worth approximately $6.26 million. The funds will be raised through a round of bond issuance, causing a 12% spike in Metaplanet's stock price, reflecting market approval of the move. The company, often referred to as the Asian MicroStrategy, will issue series two ordinary bonds with guarantees. The bonds will carry an interest of about 0.5% per annum and mature by June 2025.

The company's decision to invest in Bitcoin is part of a broader trend of businesses recognizing the potential of digital assets. Metaplanet has previously purchased Bitcoin on several occasions, and currently holds over 141 BTC in its investment portfolio. The firm's stock has seen a significant increase in value over the past month, rising by 67%. This latest announcement is expected to further boost investor confidence and drive continued growth.