Tokyo’s Beat Holdings Expands Bitcoin ETF Bet, Joins Metaplanet in Crypto Treasury Push

Public listed Beat Holdings Ltd. Thursday said that it will stimulate his investment in Bitcoin-related listed funds and the newest company is to be tokyo to deepen the exposure to digital assets in the midst of renewed institutional interest in crypto.

The company, which is mentioned on the standard market of the Tokyo Stock Exchange, announced on Thursday that the board approved increasing the limit on crypto-related investments from $ 6.8 million to $ 34 million.

It has already bought 131,230 units of BlackRock’s Ishares Bitcoin Trust (IBIT) at an average price of $ 49.49 per unit. With IBIT that turns $ 58.66 on May 9, Beat is on a non -realized profit of 0ver $ 681,000, the company said in a rack.

To finance further purchases, Beat said that it was $ 2.8 million (¥ 400 million) from a rotating credit facility, with an estimated $ 150,000 in interest until the end of the year.

Beat is an investment company established in Hong Kong on the Cayman Islands, with subsidiaries in IP Licenses and mobile messages.

Bitcoin took it for the first time as its primary treasury -reserve assets in February of this year and started to acquire both directly and via ETFs, in particular IBIT.

The company has framed its latest step as part of that broader Treasury strategy, which called the growing role of Bitcoin as a cover against inflation, currency debits and geopolitical uncertainty.

“When countries are confronted with de-globalization and escalating trade wars, it seems that they often respond by implementing expansive monetary and tax policy to stimulate liquidity,” the company said.

“This extra liquidity can come across in global financial markets, in support of risk activa, including Bitcoin, especially because Bitcoin and related ETFs have increasingly become a hedge against inflation and currency division,” it added.

The announcement of Beat follows a series of high-profile Bitcoin purchases by Metaplanet Inc., another company in Tokyo that Bitcoin has taken over as a core treasury reserve asset.

Metaplanet now has more than 5,500 BTC, worth more than $ 571 million, and has outlined plans to reach 10,000 BTC by the end of 2025, according to company requests and reporting by Decrypt.

Bitcoin traded nearly $ 104,000 on Sunday, so that the win was achieved last week after a short correction of April dipped the assets as low as $ 74,700 before he returned considerably.

The access of Japanese companies in the cryptomarkt reflects a trend that has been seen among some American companies in recent years, including the strategy of Michael Saylor, which has collected more than 555,500 BTC worth $ 57.7 billion.