Value Creation, a Tokyo-listed logistics and tech firm, plans to add $700,000 worth of bitcoin to its balance sheet over the next four months, as institutions in Japan increasingly adopt bitcoin as a corporate treasury asset.
Tokyo-Listed Company Increases Bitcoin Holdings Amid Growing Institutional Interest in Japan
A Growing Trend in Japanese Corporations
As of 2022, over 200 million people worldwide have used cryptocurrencies like Bitcoin for transactions.
The adoption rate has been increasing steadily, with countries like El Salvador making it a legal tender.
Major corporations such as Tesla and Microsoft have also started accepting Bitcoin payments.
According to a survey by the Global Blockchain Business Council, 77% of millennials believe that cryptocurrency will become a significant part of their financial lives.
Value Creation, a Tokyo-listed logistics and tech firm, plans to add 100 million yen (approximately $700,000) worth of bitcoin to its balance sheet over the next four months. This move would bring the firm’s total holdings to 300 million yen (or about $2.1 million). The modest accumulation comes as institutions in Japan increasingly adopt bitcoin as a corporate treasury asset.
Bitcoin was created in 2008 by an individual or group using the pseudonym Satoshi Nakamoto.
The first block, known as the Genesis Block, was mined on January 3, 2009.
Bitcoin's underlying technology is based on a decentralized ledger called blockchain, which records transactions across a network of computers.
This allows for peer-to-peer transactions without the need for intermediaries like banks.
Bitcoin Adoption on the Rise in Japan
Several firms in Japan have already begun to incorporate bitcoin into their financial strategies, including energy company Remixpoint, NEXON, and Metaplanet. ‘4,525 BTC’ is currently the largest amount of bitcoin held by a Japanese corporate entity on its balance sheet. This trend suggests that companies are becoming more comfortable with the idea of using bitcoin as a reserve asset.
Japan was one of the first countries to adopt Bitcoin, with its popularity surging after the Japanese government recognized it as a legitimate payment method in 2017.
According to a survey by the University of Tokyo, over 60% of Japanese individuals have heard of 'Bitcoin', and nearly 20% own some form of cryptocurrency.
Major Japanese companies such as Bic Camera and Yamada Denki began accepting Bitcoin payments, contributing to its widespread adoption.
Value Creation’s decision to increase its bitcoin holdings is part of a larger pattern of adoption in Japan. The company expects to add the funds from surplus capital earmarked for future investments. With this move, Value Creation is joining a growing list of Japanese firms that are exploring the potential benefits of holding bitcoin.
Key Takeaways
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Value Creation plans to add 100 million yen ($700,000) worth of bitcoin to its balance sheet over the next four months.
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The firm’s total holdings would increase to 300 million yen (or about $2.1 million).
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This move is part of a growing trend in Japan where companies are adopting bitcoin as a corporate treasury asset.
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Several firms in Japan, including Remixpoint and Metaplanet, have already begun to incorporate bitcoin into their financial strategies.
