The company adopted bitcoin as a reserve asset in May as a hedge against volatility of Japan’s native currency. It now has the second-largest bitcoin stash among Asia-listed companies, behind Hong Kong-based technology firm Meitu (1357), which holds around 941 BTC, according to Bitcoin Treasuries. Both companies trail behind Tysons Corner, Virginia-based MicroStrategy, which has more than 252,000 and is the largest publicly traded owner of the token.
Bitcoin (BTC), Asian Equities May Be Losing Capital to China Stocks
The rally follows stimulus announcements that included interest rate cuts, liquidity support for stocks, banking system capital injections, and a...