Japan Bitcoin Industry to raise about ¥800 million, entirely via in-kind BTC contribution

October 28: According to an official announcement, Japan Bitcoin Industry has decided to conduct a third-party allotment capital increase to Fulgur Ventures' Japan entity and ANAP Lightning Capital, raising a total of approximately ¥800 million entirely through in-kind contribution of Bitcoin, with payment expected on November 2. The raised assets will be used for the development of Lightning Network payment infrastructure such as aurora, hiring, the routing business, and R&D. The company also signed a routing business cooperation framework agreement with ANAP Lightning Capital and plans to use the Bitcoin held by the latter as Lightning Network channel liquidity.