Japan Bitcoin Industry plans to raise approximately 800 million yen, with Fulgur Ventures' Japanese entity and ANAP Lightning Capital participating

Odaily reports that Japan Bitcoin Industry has announced a planned private placement to Fulgur Ventures' Japanese entity and ANAP Lightning Capital, with total financing of approximately 800 million yen, entirely contributed in kind in Bitcoin, with payment expected on November 2. The raised assets will be used for the development of Lightning Network payment infrastructure such as aurora, recruitment, routing business, and R&D. Japan Bitcoin Industry has also signed a routing business cooperation framework agreement with ANAP Lightning Capital, planning to use the latter's Bitcoin holdings as Lightning Network channel liquidity.