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Japanese manufacturing firm Kitabo Co., Ltd. has announced its adoption of a Bitcoin treasury strategy to stabilize its finances. The company plans to invest ¥800 million ($5.4 million) in BTC via dollar-cost averaging (DCA).
- Kitabo Co. will invest ¥800 million ($5.4 million) in Bitcoin via dollar-cost averaging (DCA) to stabilize its finances.
- The firm joins other Japanese companies like Metaplanet and Nexon in adopting Bitcoin as a treasury reserve asset.
- Kitabo plans to generate additional yield by lending its Bitcoin holdings to crypto lending platforms.
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Related Tags: Bitcoin
Other Tags: Metaplanet, Tokyo Stock Exchange