Bitcoin Jaban plans to issue bonds to finance and purchase bitcoin for the first time

According to Coinpost, the Japanese-listed company Bitcoin Japan plans to raise funds through the issuance of 1.5 billion yen of unguaranteed convertible corporate bonds and 593,779 new equity subscriptions, with net financing after deduction of fees of approximately 965 million yen, of which 660 million yen (approximately US$ 4.069 million) will be used to purchase bitcoin for the first time。