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Tokyo Stock Exchange-listed company Bitcoin Japan (formerly Hottamaru Masashi) announced that it plans to raise net proceeds of about 9.66B yen by issuing convertible bonds and new share subscription rights to EVO FUND. Of this amount, 662 million yen will be used to purchase Bitcoin opportunistically, accounting for about 7% of the total fundraising. The company currently does not hold any BTC. Bitcoin Japan has recorded operating losses for eight consecutive fiscal years. In the previous round of financing, the intended Bitcoin investment plan was not carried out due to insufficient exercise. (Coinpost)