Japanese Fashion Brand ANAP Acquires Bitcoin as Reserve Asset

According to PANews, Japanese fashion brand ANAP has incorporated Bitcoin into its reserve assets, purchasing approximately 16.6591 Bitcoins valued at around 200 million yen (approximately $1.4 million). The management and operation of these Bitcoin holdings will be overseen by its subsidiary, ANAP Lightning Capital. The company plans to conduct quarterly market value assessments of its Bitcoin holdings, with any gains or losses reflected in its profit and loss statements.