Bitcoin Japan plans a ¥9.66 billion financing package—but only 7% is earmarked for bitcoin

Tokyo-listed Bitcoin Japan approved a financing package involving zero-coupon convertible bonds and warrants allocated to EVO FUND. Full exercise could produce approximately ¥9.66 billion in net proceeds, but only ¥662 million—about 7%—is earmarked for the company’s first bitcoin purchase. The balance is allocated to private-equity, rare-earth mining and robotics/RaaS initiatives, while the package could produce substantial shareholder dilution.