Japanese publicly traded company TORICO plans to raise approximately $30.17 million to purchase Ethereum.

According to Foresight News , citing CoinDesk Japan, Japanese listed company TORICO has signed a capital business cooperation agreement with Mint Town, a Web3 gaming platform company. TORICO will raise approximately 4.7 billion yen (approximately US$30.17 million) through funds operated by Mint Town and other channels, and plans to use all proceeds to purchase Ethereum. Through this cooperation, the investment fund operated by Mint Town will become TORICO's largest shareholder (with approximately 23.36% of the voting rights). Furthermore, Hiroaki Kunimitsu, Representative Director and CEO of Mint Town, will serve as a strategic advisor to TORICO's financial institution and is scheduled to be elected to the board of directors after the shareholders' meeting in June 2026.