SBI Holdings, a Japanese financial services holding company and US-headquartered and pending regulated bitcoin derivatives exchange bcause LLC, announced today the closing of a Series A equity round in which SBI Holdings has agreed to be the lead investor.

In this round, SBI Holdings has agreed to acquire a 40% holding in bcause LLC and to provide significant amounts of cryptocurrency mining gear to be co-located at bcause’s mining operations in Virginia Beach, Virginia. Additional equity investments will be contributed by bcause’s existing equity members and other interested parties.

For the Series A, ASGARD Partners & Co. was appointed as Strategic and Capital Markets Advisor and Castle Placement acted as exclusive placement agent.