Bitcoin Japan seeks $60 million to finally buy bitcoin

The company named Bitcoin Japan currently holds zero bitcoin. That's a strange position for a firm with its ticker, but management is moving to fix the irony through a $60 million funding round led by EVO Fund. While it sounds like a straightforward play, the firm's history shows a penchant for side quests. A previous capital raise in December didn't go toward the flagship cryptocurrency at all. Instead, those funds were funneled into equity stakes tied to Elon Musk’s SpaceX and the fintech firm Figure AI. Executives now claim these two moves represent the core of their AI infrastructure strategy. This latest cash grab aims to finally put the 'Bitcoin' in Bitcoin Japan, though investors are watching to see if the capital actually hits the blockchain this time. Will the firm stick to the script or find another high-profile startup to chase?