Dossier
Bitcoin Japan
Coverage of Bitcoin Japan in the Nexus archive.
- Metaplanet’s Bitcoin Japan Announces Plan to Scoop Up Coins Despite Market Downturn
Bitcoin Japan, a subsidiary of Metaplanet, has raised $59.5 million via a convertible bond deal to purchase Bitcoin for its treasury, allocating $4 million for its first transaction. Metaplanet, which holds 43,000 Bitcoin worth $2.8 billion, aims to expand its crypto holdings despite Bitcoin's price slump and stock market declines. Japan is also advancing regulations to classify cryptocurrency as a financial asset.
- Bitcoin Japan, which holds no bitcoin, taps EVO Fund in planned $60 million raise to finally buy some
Bitcoin Japan, which currently holds no bitcoin, plans to raise $60 million through the EVO Fund to acquire bitcoin. A prior December fundraising effort instead funded investments in SpaceX and Figure AI, described as the company's two AI infrastructure investments to date.