Bitcoin Japan raises $60 million to purchase bitcoin after previous capital went to SpaceX and Figure AI stakes.
VC & Fundraising ·
Bitcoin Japan, which currently holds no bitcoin, has secured a $60 million funding round led by EVO Fund, with plans to allocate $4.1 million toward purchasing bitcoin. The raise marks a shift in capital allocation strategy after a prior December fundraise directed resources to stakes in SpaceX and Figure AI, which the company has identified as its two AI infrastructure investments to date.
The discrepancy between Bitcoin Japan's stated treasury strategy and its actual bitcoin holdings underscores a gap between announced intent and execution. The company's pivot toward direct bitcoin acquisition with this new capital suggests a reassessment of how to deploy fresh funding relative to prior venture allocations.
What remains unclear is the timeline and mechanism for the $4.1 million bitcoin purchase, the full allocation plan for the remaining $55.9 million, and whether this represents a permanent shift away from venture-style positions or a parallel strategy alongside AI infrastructure bets.