CoinScoopBitcoin Japan Purchases First 11.9 BTC Following Store Closures
Tokyo-listed Bitcoin Japan (8105) announced its first purchase of 11.9188 BTC on September 28 for approximately 157 million yen ($999,000). The company also plans to close 15 retail locations, resulting in an estimated extraordinary loss of 210 million yen. The Bitcoin acquisition was funded by convertible bonds issued in July, with a total investment limit set at 662 million yen.
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