FreeBit Co., Ltd. announced a private placement of 1,140,000 common shares at a price of ¥1,290 per share for the gross proceeds of ¥1,470,600,000 on March 31, 2023. The transaction will include participation from returning investor Alps Alpine Co., Ltd. The transaction has been approved by the shareholders of the company. The company has paid ¥14,000,000 as issuance fees in the transaction.

The transaction is expected to close on April 18, 2023.