Bitcoin Japan is investing about 2 billion yen in a private fund designed to gain indirect exposure to SpaceX shares through its U.S. unit, BTCJPN US LLC. The company said the move formalises AI infrastructure investment as a new growth strategy. The structure could deliver 20,160 SpaceX shares in kind if SpaceX proceeds with an IPO. Bitcoin Japan also detailed funding sources, currency conversion steps, due diligence and target return assumptions, while noting fees and IPO-related risks.

Generative AI startup Anthropic said it will void all over-the-counter trades of its shares conducted without explicit board approval and will not record them in company books. The policy also covers beneficial-interest deals, forwards, SPVs and tokenised securities structures. Some trades on Forge Global and Hiive and a list of unapproved intermediaries were cited. The move comes as implied off-market valuations have risen to around $1 trillion, lifting investor anxiety.