Bitcoin Japan to buy $4.1M in BTC after fundraising

Bitcoin Japan (formerly Hota Marusho), a company listed on the Tokyo Stock Exchange, has announced it raised approximately 9.657 billion yen ($60.3 million) through the issuance of convertible bonds and new share warrants. Of this amount, the company plans to allocate about 662 million yen ($4.1 million), or roughly 7% of the proceeds, to purchase Bitcoin for its corporate portfolio. The move represents the company's first actual BTC acquisition since its rebranding to Bitcoin Japan.