PANews reported on February 28 that, according to an announcement by Diode Rimited (3205), the company's board of directors decided on February 27 to purchase BTCPANews reported on February 28 that, according to an announcement by Diode Rimited (3205), the company's board of directors decided on February 27 to purchase BTC
Daido Co., Ltd., a long-established Japanese listed company, has decided to spend up to 1 billion yen to purchase Bitcoin to hedge against inflation.
PANews reported on February 28 that, according to an announcement by Diode Rimited (3205), the company's board of directors decided on February 27 to purchase BTC, with a maximum purchase amount of 1 billion yen (approximately US$6.4 million, or about RMB43.95 million). The company stated that it will use Bitcoin as "digital gold" to hedge against inflation and yen depreciation risks, and to diversify and improve capital efficiency by including it in its asset portfolio.
Note: ダイドーリミテッド (DAIDOH LIMITED, often translated as "Daidoh Limited") is a long-established Japanese listed company related to apparel/retail (Tokyo Stock Exchange Standard, Tokyo Stock Exchange Premium, stock code 3205).
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