Japanese listed company Daido Rimet has resolved to purchase Bitcoin, with a limit of 1 billion yen

The Japanese listed company Daido Rimtec (stock code: 3205) announced that the company's board of directors has passed a resolution to purchase Bitcoin (BTC), with a purchase limit of 1 billion yen.

The announcement indicates that this initiative is based on the asset allocation arrangements in the company's mid-term business plan for the period ending March 2029, intending to incorporate a portion of funds in the form of BTC into its asset portfolio. The company stated that this move aims to address inflation and the risk of yen depreciation, achieve asset diversification and risk dispersion, and believes that BTC possesses characteristics such as limited supply and low correlation with traditional assets.

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