Value Creation (9238), a Tokyo-listed logistics and tech firm, expects to add 100 million yen ($700,000) worth of bitcoin (BTC) to its balance sheet over the next four months, according to a statement.
This firm had previously purchased about 200 million yen ($1.4 million) worth of bitcoin.
The funds come from surplus capital earmarked for future investments, the company said.
Value Creation’s move is a tiny one, but isn’t happening in isolation. A trend is taking hold in Japan, where companies—once cautious—are dipping into BTC as a treasury reserve asset. Several firms in the country have adopted BTC, with energy firm Remixpoint, NEXON, and Metaplanet among them. Metaplanet is the largest Japanese corporate holder with 4,525 BTC on its balance sheet.
Disclaimer: The information gathered for this article was translated with the use of artificial intelligence.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Research shows that only 8% to 10% of global Bitcoin hashrate runs in oil-sensitive power…
Today’s quantum computers are far from breaking Bitcoin’s cryptography and any real threat would likely…
U.S. President Trump said stopping Iran is more of a concern than oil prices, as…
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed…
Glassnode’s Accumulation Trend Score drops to 0.04 as smaller wallet cohorts offload BTC while macro…
Bitcoin Magazine Metaplanet Expands Bitcoin Strategy With Venture Fund and Asset Management Unit Tokyo-listed bitcoin…