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Japanese publicly traded company Daido Limet has resolved to acquire Bitcoin, with a maximum investment of 1 billion yen.
Svmuu News: Japanese listed company Daido Limet (Stock Code: 3205) announced that its board of directors has passed a resolution to purchase Bitcoin (BTC), with a maximum purchase amount of 1 billion yen.The announcement indicates that this move is based on the asset allocation arrangements outlined in the company’s mid-term business plan through March 2029, with the intention of incorporating a portion of its funds into its asset portfolio in the form of BTC.The company stated that this move aims to address inflation and yen depreciation risks, achieve asset diversification and risk mitigation, and noted that BTC possesses characteristics such as a limited total supply and low correlation with traditional assets.
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