Daitō Limate, a 147-year-old Japanese publicly traded company, has announced plans to purchase Bitcoin (BTC) with an investment cap of ¥1 billion. This decision is part of the company's mid-term business plan for the fiscal year ending March 2029, aimed at asset diversification and risk mitigation against inflation and yen depreciation. The company views Bitcoin as a "digital gold" due to its limited supply and low correlation with traditional assets, making it a valuable store of value.
Japanese Firm Daitō Limate to Invest Up to ¥1 Billion in Bitcoin
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
