Bitcoin Japan Completes 9.66 Billion Yen Funding Round, Allocates 662 Million Yen to Bitcoin

BTC1.88%
According to CoinPost, Bitcoin Japan (TSE-listed, ticker 8105) recently completed approximately 9.657 billion yen ($64 million) in funding through unsecured convertible bonds and warrants issued to Cayman Islands-based investment fund EVO FUND. The company allocated 662 million yen (7% of total funding) to Bitcoin purchases for the first time since its rebranding. Remaining funds were allocated to undisclosed private equity investments (3.756 billion yen), South African rare earth mining operations (3.503 billion yen), and RaaS business expansion (1.446 billion yen).
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