A Japanese investment firm significantly increased its Bitcoin holdings, becoming the world's fifth-largest publicly listed company in terms of BTC reserves.
Following the issuance of new zero-interest bonds worth 30 billion yen (approximately $208 million), the Tokyo-listed company swiftly moved to purchase Bitcoin. Allocating most of the funds raised to Bitcoin acquisitions, the firm bought 1,005 BTC at an average price of $107,923 each, totaling $108 million, thus expanding its reserves to 13,350 BTC.
CEO Simon Gerovich emphasized the accelerated Bitcoin strategy, highlighting that the firm added 10,000 BTC in just three months. The company also aims ambitiously to reach 210,000 BTC by the end of 2027. If this goal is achieved, it could become the second company globally to control nearly 1% of the total Bitcoin supply, after MicroStrategy.
Following the announcement of the Bitcoin acquisitions, the company's shares surged by 9.9% on the Tokyo Stock Exchange, accumulating an impressive total gain of 370.7% since the beginning of the year, delighting its investors.
