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Bitcoin Japan raises $60M but plans to spend just 7% of it on actual Bitcoin
Bitcoin Japan Corporation raised $60M via convertible bonds but will allocate just 7% to Bitcoin, with 95-110% share dilution spooking investors.
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cryptobriefing.com
Bitcoin Japan Corporation plans first Bitcoin purchase after securing nearly $60M
Bitcoin Japan Corporation plans to raise $60M through bonds, allocating $4.08M for Bitcoin treasury purchases as Japan's corporate BTC trend accelerates.
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theblock.co
Bitcoin Japan, which holds no bitcoin, taps EVO Fund in planned $60 million raise to finally buy some
A prior December raise instead funded stakes tied to SpaceX and Figure AI, which the company says are its two AI infrastructure investments to date.
