The Japanese cryptocurrency exchange DMM Bitcoin indicated that it raised approximately 55 billion yen (365.1 million USD) through various financing plans in June. Specifically, on June 3, the company raised 5 billion yen (33.2 million USD) through loans; on June 7, the company raised 48 billion yen (318.6 million USD) through capital increase. The last tranche of funding was received on June 10, when DMM Bitcoin obtained an additional 2 billion yen (13.3 million USD) through subordinated loans.
The official statement stated that DMM Bitcoin plans to cease operations after completing the asset transfer to SBI VC Trade.
SBI VC Trade announced on Monday that it plans to begin spot trading of the 14 cryptocurrencies currently traded on DMM Bitcoin before completing the transfer of custody assets.
This morning, DMM Bitcoin announced that it would cease operations. Following a theft incident at the end of May this year involving Bitcoin worth 48.2 billion yen, which resulted in service restrictions, the company abandoned attempts to restructure operations. Customer assets held by DMM Bitcoin are expected to be transferred to SBI Group's cryptocurrency exchange SBIVC Trade around March 2025.
In May, DMM Bitcoin suffered a hack resulting in the theft of 4,502.9 BTC, with losses amounting to 305 million USD.

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