Bitcoin Japan Secures Approximately 9.7 Billion Yen in Funding, First Allocation of 662 Million Yen for BTC Purchase

TechFlow news, July 17, according to CoinPost, Tokyo Stock Exchange-listed company Bitcoin Japan (formerly Hotta Marusho: 8105) announced that through issuing unsecured convertible bond-type corporate bonds with share subscription rights and the 2nd share subscription rights to Cayman Islands investment fund EVO FUND, the estimated net proceeds are approximately 9.657 billion yen. This is the first time funds have been actually allocated to Bitcoin since the company changed its name, amounting to 662 million yen, accounting for approximately 7% of the total financing. The remaining funds are mainly used for private equity investment (3.756 billion yen), South African rare earth mine investment (3.503 billion yen), and RaaS business investment (1.446 billion yen).