In a significant development, Bitcoin Japan Corporation aims to bolster its balance sheet with Bitcoin. The company announced it will raise approximately 9.66 billion yen, which is around $60 million, through a mixture of unsecured convertible bonds and stock acquisition rights. Out of this total, 662 million yen, translating to about $4.08 million, is specifically designated for Bitcoin acquisitions.
This transition to digital assets marks a notable shift for a company that was once primarily engaged in fabric trading. With the rebranding to Bitcoin Japan, it's clear the firm is fully embracing this new direction.
The breakdown of the $60 million raise reveals that Bitcoin is not the sole focus. The largest portion, 3.756 billion yen, is aimed at private equity investments, while 3.503 billion yen will support rare earth mining operations in South Africa. Additionally, 1.446 billion yen is allocated to a “Robot-as-a-Service” business venture.
EVO FUND, a Cayman Islands entity, is playing a key role by providing a significant part of this financing. The convertible bond structure paired with stock acquisition rights offers investors the flexibility to convert their debt into equity based on the stock's performance.
This isn't Bitcoin Japan's first attempt to secure capital through this method. In December 2025, the company aimed for 5.715 billion yen but fell short, only managing to raise 3.095 billion yen. Consequently, no funds were dedicated to Bitcoin at that time. However, this latest effort marks a decisive second chance for Bitcoin Japan as its Bitcoin line item successfully made the cut.
On a broader scale, Japanese public firms are beginning to accumulate significant amounts of Bitcoin. In an upcoming regulatory shift, Bitcoin is set to be classified as a financial instrument instead of a speculative commodity, which could take effect by 2027. This reclassification is expected to simplify the accounting processes for companies holding Bitcoin, encouraging more firms to adopt it as treasury assets.
Bitcoin Japan’s prior identity as Horita Marusho shows the depth of its transformation since rebranding in 2024. Furthermore, Bakkt, a digital asset platform supported by the Intercontinental Exchange, owns around 30% of Bitcoin Japan, linking it to a larger institutional digital asset ecosystem.
While the $4.08 million allocated for Bitcoin may seem modest especially when compared to other investments in the space, such as MicroStrategy which has amassed Bitcoin worth tens of billions of dollars the move signals a growing acceptance of digital currencies among Japanese enterprises.
This article is for informational purposes only and does not constitute financial advice.
