Japan Bitcoin Industry announces ¥800 million bitcoin-funded capital increase
Fulgur GK and ANAP Lightning Capital will subscribe for shares through bitcoin contributions scheduled for November 2.
Japan Bitcoin Industry has announced a ¥800,043,580 capital increase through new shares allocated to Fulgur GK and ANAP Lightning Capital. Both investors will contribute bitcoin in kind, with delivery scheduled for November 2 subject to contractual conditions.
The Tokyo company will use the capital to develop Lightning Network payment infrastructure, expand routing liquidity and hire technical staff. Its aurora service lets businesses add bitcoin payments to existing systems.
Japan Bitcoin Industry has also signed a business partnership agreement with ANAP Lightning Capital to develop Lightning routing operations. Fulgur GK is the Japanese entity of Fulgur Ventures; the investors’ individual allocations were not disclosed.
Use of funds
Develop Lightning payment infrastructure
Expand routing liquidity
Hire and develop technical staff