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Northern Japan Spinning announced its entry into the encryption asset field, planning to develop Bitcoin Mining and token issuance business.
According to the Gate.io News bot and a report by CoinDesk, Kitanihon Spinning, a company listed on the Tokyo Stock Exchange, has officially announced the expansion of its business into the fields of encryption assets and RWA. The company plans to review related matters at the shareholders' meeting to be held in June.
The specific business plan includes: holding Bitcoin assets, participating in the construction of renewable energy mining equipment, issuing tokens for product payments and plastic recycling business, and developing a Web3 wallet. These new businesses will be uniformly managed by the company’s newly established encryption asset management department in July.