BitcoinJapan completes approximately 9.7 billion yen in financing and allocates 662 million yen for BTC purchases for the first time

According to CoinPost, BitcoinJapan (Jiuhorida Marumasa: 8105), a company on the market, announced that it would issue an unsecured conversion of social bond new shares reserve rights to Cayman Islands investment fund EVOFUND with social bonds and a second round of new shares reserve rights, resulting in an estimated amount of approximately 9.657 billion yen. This is the first time that funds have actually been allocated to Bitcoin since the company changed its name, with an amount of 662 million yen, accounting for about 7% of the total financing. The remaining funds were mainly used for undisclosed equity investment (3.756 billion yen), investment in rare earth mines in South Africa (3.503 billion yen) and investment in RaaS businesses (1.446 billion yen).