"Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today. The round was supported by a consortium of Bitcoin miners and investors through the issuance of new shares and convertible notes, according to a note shared with Bitcoin Magazine."
"According to a filing with the Hong Kong Stock Exchange, the proceeds will support Moon Inc.'s Pan-Asian expansion, starting with Thailand and South Korea, alongside the launch of its Bitcoin-enabled prepaid card. The cards enable users to acquire, store, and transfer Bitcoin without the complexity of traditional wallets, merging Moon Inc.'s prepaid telecom expertise with innovative digital asset functionality. In other words, the cards will let people buy and send Bitcoin easily, without needing a separate crypto wallet - basically like a pre-paid phone card."
Moon Inc. completed a private placement raising HK$65.5 million (about US$8.8 million), backed by a consortium of Bitcoin miners and investors through new shares and convertible notes. Proceeds will fund the launch of a Bitcoin-enabled prepaid card in Thailand and South Korea and support broader Pan-Asian expansion. The prepaid cards allow users to acquire, store, and transfer Bitcoin without separate crypto wallets by combining prepaid telecom distribution with digital-asset functionality. The company positions the initiative as a bridge between traditional capital markets and the Bitcoin economy and is evaluating Taiwan, Japan, and Vietnam for future growth.
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