Japan Bitcoin Industry to Raise Over ¥800 Million Entirely in Bitcoin

Japan Bitcoin Industry Inc. announced plans to raise 800,043,580 yen through a third-party share allotment conducted entirely in Bitcoin. Subscribers to the funding round include Fulgur Ventures (Fulgur LLC) and ANAP Lightning Capital (ALC), a subsidiary of Tokyo-listed ANAP Holdings. The delivery and settlement of the cryptocurrency is scheduled for November 2. Net proceeds will fund "aurora," an enterprise-grade Lightning Network payment API solution, alongside hiring and research. Concurrently, Japan Bitcoin Industry and ALC entered an alliance where ALC will supply Bitcoin liquidity for Lightning routing channels across Japan.