Japanese Firm Plans Bitcoin Acquisition Amid Inflation Concerns

Japanese company Daitou Limex, listed under the securities code 3205, has announced its board's decision to purchase Bitcoin (BTC) with an upper limit of 1 billion yen. According to Odaily, this move is part of the company's asset allocation strategy outlined in its mid-term business plan for the fiscal period ending March 2029. The firm aims to incorporate BTC into its asset portfolio to address inflation and yen depreciation risks, achieve asset diversification, and mitigate risks. The company believes that Bitcoin's limited supply and low correlation with traditional assets make it a suitable choice for these objectives.