Japanese medical company SBC Medical plans to buy $6.7 million in Bitcoin

Odaily News Japan’s SBC Medical Group Holdings Incorporated has announced plans to purchase 1 billion yen ($6.7 million) worth of Bitcoin as part of a long-term strategy aimed at asset diversification and inflation hedging.
The company believes that investing in Bitcoin is consistent with its goal of building a solid financial foundation and adapting to changing macroeconomic conditions. SBC Medical's holding company in the United States will execute the acquisition through Coinbase. The company said it carefully considered accounting, tax and cybersecurity factors before making the decision, and described Bitcoin as a store of value with long-term appreciation potential due to its fixed supply and increasing adoption. (CryptoSlate)