Japanese investment firm Metaplanet is making headlines again after issuing $13.3 million in bonds to purchase more Bitcoin—an aggressive move that signals its long-term confidence in the cryptocurrency despite recent market volatility.

According to a March 31 filing, Metaplanet issued 2 billion yen in zero-interest bonds through its Evo Fund. These bonds, redeemable at full value by September 30, are specifically intended to fuel the company’s growing Bitcoin reserves. At the time of the announcement, Bitcoin was trading around $82,000—down roughly 25% from its all-time high of over $109,000.

Metaplanet CEO Simon Gerovich noted in an X post that the company was capitalizing on the recent price correction to expand its holdings. Currently, Metaplanet owns approximately 3,200 BTC worth an estimated $1.23 billion, positioning it as Asia’s largest corporate Bitcoin holder and the tenth-largest globally, according to BitcoinTreasuries data.

Often referred to as “Asia’s MicroStrategy,” Metaplanet is closely following the playbook of Strategy (formerly MicroStrategy), which holds more than 500,000 BTC valued at nearly $82 billion. In early March, Metaplanet purchased 150 BTC and then another 156 BTC later in the month, inching closer to its target of 21,000 BTC by 2026.

The firm is also considering a potential U.S. stock market listing to broaden investor access. In a strategic move to build influence in the U.S., Metaplanet recently appointed Eric Trump to its newly formed advisory board. The company says Trump will help advance its global ambitions in the Bitcoin economy, citing his background in real estate, finance, and digital asset advocacy.