Japanese Corporate Treasuries Lead Bitcoin Accumulation Wave
A significant shift in Japanese corporate Bitcoin ownership has been observed, with Metaplanet Inc. holding 43,000 BTC worth $3.75 billion, surpassing Tesla's 11,509 BTC valued at $1.004 million.
This trend suggests a new wave of Bitcoin accumulation in corporate treasuries, as companies like Toyota and Nexon Co., Ltd. treat Bitcoin as a reserve asset rather than a speculative investment.
Toyota's CFO, Kenta Kon, was recently promoted to CEO and has been working to improve the company's earning power by addressing its value chain as a whole.
The company aims to increase its operating profit forecast from ¥3.4tn to ¥3.8tn, and has launched two investment funds totaling $1.5 billion to support automation and AI.