Bitcoin Japan has approved a financing round that could raise up to ¥9.66 billion, approximately $60 million, through a third-party allotment of convertible bonds with stock-acquisition rights. The deal includes an initial payment of ¥1.5 billion, with the remainder contingent on full exercise of the bonds.
Allocation for Bitcoin and Use of Funds
About ¥662 million, or roughly 7 percent of the total proceeds, is designated specifically for the company’s first Bitcoin purchase. This allocation translates to approximately $4.0 4.5 million depending on foreign exchange rates. The rest of the funds will strengthen the company’s balance sheet and support growth initiatives.
This planned Bitcoin acquisition is a reallocation of a previously unfunded portion from an earlier fundraising round. That prior round delivered only 54 percent of its target proceeds, leaving the Bitcoin allocation at zero until now.
Governance and Market Context
An independent third-party committee reviewed the necessity and appropriateness of the financing on July 15, 2026, satisfying a key procedural step required in the Japanese market before addressing possible dilution concerns. EVO FUND is the subscriber for the convertible bonds, as resolved by the board on July 16, 2026.
The company’s approach signals a cautious entry into Bitcoin holdings rather than a significant strategic overhaul. This financing is primarily a multi-purpose capital raise with Bitcoin acquisition as a relatively small component.
Market response showed minimal immediate impact following the announcement.
