Japanese crypto exchange Coincheck raises $65M from KDDI

Nasdaq-listed Japanese cryptocurrency exchange Coincheck Group has announced a $65.06 million investment from telecom company KDDI. Under the deal, KDDI will acquire 28,536,516 new shares for a 14.9% stake in the company. The new shares are priced at $2.28 each, and the purchase is expected to be completed in June 2026.