Bitcoin Japan, a subsidiary of Metaplanet, currently holds no bitcoin but plans to raise $60 million from EVO Fund to purchase the cryptocurrency, according to reports.
$60 million
Bitcoin Japan plans to raise this amount from EVO Fund.
The planned raise comes despite a market downturn, and the company intends to use the funds to purchase bitcoin, as stated by Bitcoin Japan.
Bitcoin Japan is a subsidiary of Metaplanet, and a prior December raise by the company funded stakes in SpaceX and Figure AI, both AI infrastructure investments.
The plan to buy bitcoin comes despite a market downturn.
