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Bitcoin Japan, which currently holds no bitcoin, is seeking a $60 million investment from EVO Fund to acquire the cryptocurrency, after a December raise that funded stakes in SpaceX and Figure AI.
The Crypto Frontiers Editorial Desk · Published July 18, 2026 at 7:00 PM UTC · Updated July 18, 2026 at 7:38 PM UTC
Bitcoin Japan, a crypto‑focused firm that currently holds no bitcoin, announced a plan to raise $60 million from the EVO Fund to finally acquire the digital asset.
Bitcoin Japan has publicly disclosed that it does not own any bitcoin at present. The firm’s latest capital strategy centers on a $60 million raise, with the EVO Fund identified as the primary investor. The purpose of the infusion, as stated by the company, is to finally purchase bitcoin, marking a shift from a purely advisory or service‑oriented model to direct asset ownership.
The announced financing round targets $60 million, a figure that the company has tied explicitly to the acquisition of bitcoin. The EVO Fund, a venture capital vehicle, is the named source of the capital. No other investors or terms have been disclosed, and the company has not indicated any immediate timeline for the purchase beyond the completion of the raise.
In a separate capital event that took place in December, Bitcoin Japan allocated the raised funds to acquire stakes associated with SpaceX and Figure AI. According to the company, those two positions constitute its entire portfolio of AI infrastructure investments to date. No additional AI‑related assets have been reported.
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The move to raise capital specifically for buying bitcoin is noteworthy because it signals a direct commitment to holding the asset on the firm’s balance sheet. For a company that previously held no bitcoin, the transition could affect its risk profile, operational focus, and potential regulatory considerations. The prior investment in SpaceX and Figure AI suggests that the firm has experience deploying capital in high‑technology ventures, albeit outside the core cryptocurrency market.
The immediate next step for Bitcoin Japan is to finalize the $60 million investment from the EVO Fund. Once the capital is secured, the company will need to determine the timing, price level, and custodial arrangements for purchasing bitcoin. Unresolved questions include the exact proportion of the raise that will be allocated to bitcoin versus other operational needs, and how the firm will manage the associated market and regulatory risks.
In summary, Bitcoin Japan’s planned $60 million raise with the EVO Fund represents a clear intent to move from a bitcoin‑free balance sheet to direct ownership, building on a prior December raise that funded its only two AI infrastructure stakes.
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