Moon Inc. raised HK$65.5 million from Bitcoin mining firms and investors to fund expansion in Thailand and Korea and introduce Bitcoin-enabled prepaid cards across Asia.
Moon Inc. announced it has raised HK$65.5 million (US$8.8 million) through a combination of share and convertible bond issuance, backed by Bitcoin mining firms and institutional investors. According to the company’s official statement, the funds will be used to expand operations into Thailand and South Korea and to launch Bitcoin-enabled prepaid cards. Moon Inc., previously supported by Sora Ventures and UTXO Management, aims to strengthen its presence in Asia’s digital payments and cryptocurrency markets.