Bitcoin Japan Secures Approximately 9.7 Billion Yen, Allocates 660 Million Yen for Initial BTC Purchase

Approximately 9.66 Billion Yen Raised, Breakdown of Uses

On July 16, Bitcoin Japan (formerly Horita Marumasa, Tokyo Stock Exchange Standard: 8105) announced the issuance of unsecured convertible bonds with a total issue amount of 1.5 billion yen and the second round of new share subscription rights (593,779 units) to the Cayman Islands-based investment fund EVO FUND through a third-party allotment. The estimated net proceeds, including the amount raised through the exercise of these options, is approximately 9.657 billion yen.