Bitcoin Japan Raises $60.3 Million via Convertible Bonds, Allocates $4.1 Million for BTC Purchase

BTC-0.56%
According to its announcement, Bitcoin Japan (formerly Hota Marusho), a company listed on the Japanese stock exchange, raised approximately 9.657 billion Japanese yen ($60.3 million) through issuance of convertible bonds and new share purchase rights. The company allocated roughly 662 million yen ($4.1 million) from the proceeds—about 7% of total funds raised—for direct Bitcoin purchases, marking its first institutional treasury BTC investment since the name change. Management stated the Bitcoin investment is part of its long-term financial strategy, with remaining funds to be used for operational expansion and strategic investments.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments