Japan Bitcoin Industry announced a targeted capital increase of approximately ¥800 million ($5.3M) from Fulgur Ventures' Japanese entity and ANAP Lightning Capital, with all contributions made in physical Bitcoin. The payment is scheduled for November 2.
Proceeds will fund development of Aurora and other Lightning Network payment infrastructure, hiring, routing operations, and R&D. The company also signed a framework agreement with ANAP Lightning Capital to utilize the latter's Bitcoin holdings as channel liquidity on the Lightning Network.
Japan Bitcoin Industry Secures ~¥800M Funding Entirely in Physical Bitcoin for Lightning Network Expansion
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