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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the growing trend of Japanese firms adopting digital assets for treasury management, Bitcoin Japan has announced plans to raise $60 million. According to reports, the company intends to use this capital, raised via the EVO Fund, to finally begin purchasing Bitcoin. This strategic pivot follows a prior funding round in December where the company opted to invest in stakes related to SpaceX and Figure AI instead of cryptocurrency assets.
This shift occurs amid an institutional surge led by firms like Japan's Metaplanet, which adopted a MicroStrategy-style playbook by accumulating Bitcoin as a reserve asset, reaching over 1,000 BTC in 2024 per market data. Furthermore, Bitcoin Japan's existing exposure to Figure AI—a company valued at approximately $2.6 billion in previous funding rounds (per Reuters)—highlights a diversified tech background as it prepares for its first direct entry into the crypto market.
Regarding market performance, the SPCX instrument stood at $131.11 at close on July 16, 2026, having traded within a range of $130.74 to $137.76. Traders are now monitoring the execution of this capital raise, especially as the broader market awaits macroeconomic catalysts such as the upcoming speech by Fed Governor Bowman, which could influence institutional risk appetite for digital assets.