The Japanese IA company Quantum Solutions should start to invest in Bitcoin (BTC) via its subsidiary based in Hong Kong, GPT Pals Studio, the company said in a press release.
The decision, approved at a meeting of the board of directors on July 23, includes plans to buy up to $ 10 million in BTC using borrowed funds. The company aims to build a treasure up to 3,000 BTC, of a value of approximately 354 million dollars, over the next 12 months.
The company cited the damping of fiduciary currencies such as the Yen and the increase in global financial uncertainty as key engines of the decision. So far, neither GPT nor any of his subsidiaries have included digital assets in their balance sheets.
“In order to effectively manage the excess funds generated from existing companies, diversify our asset portfolio to strengthen our financial basis, preserve the medium -term value and reduce exchange risks, we have decided to add bitcoin to our reserve assets,” wrote the company.
This new activity section will be governed by a progressive investment policy and an account dedicated to Crypto Exchange Hashkey.
Bitcoin vouchers increased in Japan while country’s bond yields continue to go up. Metaplanet, the largest Bitcoin Bitcoin in Japan, currently has 16,352 BTC on its assessment, and the number of companies in the country holding cryptocurrency is skyrocketing.
These now include Nexon, RemixPoint, Convente, SBC Medical Group Holdings, Anap Holdings and others, according to Bitcointheries data. These companies hold 19,623 BTC in total.
The figure is still small compared to the total amount held by the largest Bitcoin de corporate business in the world, Strategy, which contains 607,770 BTC on its balance sheet.
