Japanese listed company Beat Holdings announced that it will increase investment in Bitcoin spot ETF

2025-05-12 05:08

Odaily News Beat Holdings Ltd. said Thursday it will increase its investment in bitcoin-related exchange-traded funds, becoming the latest Tokyo-listed company to deepen its investments in digital assets amid renewed institutional interest in cryptocurrencies.
The company, which is listed on the Tokyo Stock Exchange’s Standard Market, disclosed on Thursday that its board of directors approved raising the cap on crypto-related investments to $34 million from $6.8 million.
The firm has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT) at an average price of $49.49 per share. Given IBIT's closing price of $58.66 on May 9, Beat's unrealized gains on holdings exceed $681,000, the firm said in a statement. (Decrypt)

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