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

TORICO, a Tokyo Stock Exchange Growth Market listed company that operates platforms such as "Manga Complete Dot Com," announced on December 17th that it has signed a capital business cooperation agreement with Mint Town, which is expanding its Web3 game platform business. According to the agreement, 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).