Bitcoin Japan Corporation
This matter is a notice of the progress of disclosed matters and the start of a new business
Launching a new business: Bitcoin Treasury and Bitcoin-related asset management. Initial investment includes a physical Bitcoin purchase up to 1,000,000 USD, with a funding allocation cap of 662 million yen. Investment policy aims to generate institution-grade yields, with lending and other options under consideration. Risks include price volatility, custody, cybersecurity, etc.
Key Figures
- Initial purchase limit: 100万米ドル
- Total funding allocation cap for this business: 662 million yen
- Source of funds: 15 hundred million yen of funds raised by MSCB (initial remittance equivalent to 1,000,000 USD)
AI要約
Overview of this matter
Bitcoin Japan 株式会社, through its subsidiary BTC JPN Ltd., will commence a new business titled 'Bitcoin Treasury and Bitcoin-related Asset Management'. Planned initial investment includes purchasing physical Bitcoin up to 1 million USD, with funding allocation capped at 662 million yen. Management methods being considered include lending, financing, and synthetic trading.
Structure and risks
Under the supervision of the board of directors, discretion will be granted to the CEO of BTC JPN Ltd., but execution will proceed through multiple approval processes, and quarterly reports will cover holdings, performance, and fund usage. Major risks include Bitcoin price and currency fluctuations, liquidity, custody, cyberattacks, and regulatory/tax changes.
Bitcoin Japan Corporation
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