Odaily Planet Daily News Value Creation (stock code 9238), a Japanese TOPIX-listed company, plans to increase its holdings of about 100 million yen (about $700,000) of Bitcoin (BTC) in the next four months as part of its balance sheet reserves. The company has previously purchased about 200 million yen (1.4 million U.S. dollars) of BTC, with the funds coming from surplus capital for future investment purposes.
Although the scale of this increase is limited, it marks the trend of Japanese companies adopting Bitcoin as a corporate reserve asset. Many Japanese companies, including Remixpoint, NEXON and Metaplanet, have included BTC in their asset allocation. Metaplanet currently holds 4,525 BTC, making it the largest listed company in Japan.