Another Japanese Company Adopts Bitcoin as a Reserve Asset: They Will Buy It in 4 Months! - Coin Newsletter

Tokyo Stock Exchange-listed logistics and technology company Value Creation has announced that it will add approximately $700,000 worth of Bitcoin (BTC) to its balance sheet over the next four months.

In the statement made by the company, it was stated that Bitcoin worth approximately 1.4 million dollars and approximately 200 million yen were previously purchased. Value Creation announced that the funds to be used for the new acquisition will be provided from excess capital reserved for future investments.

While small-scale, this move by Value Creation reflects the trend of companies in Japan adopting Bitcoin as a reserve asset. Companies in the country, which were previously cautious about cryptocurrencies, have recently increased their interest in Bitcoin. Japanese firms such as Metaplanet, Remixpoint and NEXON are among the initiators of this trend by adding Bitcoin to their balance sheets. The largest Bitcoin reserves among companies in Japan are held by Metaplanet, which holds 4,525 BTC on its balance sheet.

Japanese companies' preference for Bitcoin as a reserve asset stems from their search for a store of value and diversification of their portfolios at a time of increasing global economic uncertainty. Bitcoin's limited supply and the fact that it is seen as digital gold stands out as one of the main reasons that lead companies to invest in this asset.