Hong Kong-listed company Moon raises approximately $8.8 million, plans to launch Bitcoin prepaid cards in Thailand and South Korea

Jinse Finance reported that Hong Kong-listed company Moon Inc. (exchange code: 1723) has raised approximately $8.8 million, planning to launch bitcoin prepaid cards in Thailand and South Korea, with intentions to expand across Asia. This round of financing is supported by several bitcoin miners and investors through the issuance of new shares and convertible bonds. According to documents submitted to the Hong Kong Stock Exchange, the funds raised will be used to support Moon Inc.'s pan-Asian expansion plan, starting with Thailand and South Korea, while simultaneously launching bitcoin-supported prepaid cards. These prepaid cards allow users to purchase, store, and transfer bitcoin without the need for complicated traditional wallet setups, combining Moon Inc.'s expertise in prepaid telecommunications with innovative digital asset features.