Value Creation (9238), a Tokyo-listed logistics and tech firm, expects to add 100 million yen ($700,000) worth of bitcoin (BTC) to its balance sheet over the next four months, according to a statement.
This firm had previously purchased about 200 million yen ($1.4 million) worth of bitcoin.
The funds come from surplus capital earmarked for future investments, the company said.
Value Creation’s move is a tiny one, but isn’t happening in isolation. A trend is taking hold in Japan, where companies—once cautious—are dipping into BTC as a treasury reserve asset. Several firms in the country have adopted BTC, with energy firm Remixpoint, NEXON, and Metaplanet among them. Metaplanet is the largest Japanese corporate holder with 4,525 BTC on its balance sheet.
Disclaimer: The information gathered for this article was translated with the use of artificial intelligence.