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Beat Holdings raises its Bitcoin ETF investment limit to $34 million.
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It holds 131,230 units of BlackRock’s IBIT ETF with $681K in gains.
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Move follows Metaplanet’s similar Bitcoin treasury strategy.
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Beat sees Bitcoin as a hedge against inflation and currency risk.
Substantial Increase in Bitcoin Exposure
Beat Holdings, listed on the Tokyo Stock Exchange, has quadrupled its cap on Bitcoin ETF investments to $34 million. The firm has already invested in over 131,000 units of BlackRock’s iShares Bitcoin Trust (IBIT), posting substantial gains as Bitcoin rebounds above $100,000.
Strategic Rationale and Treasury Goals
The move is part of a broader plan to adopt Bitcoin as a key treasury reserve asset. Beat cites inflation risk, geopolitical instability, and currency debasement as reasons for the shift. It recently drew $2.8 million from a credit facility to fund additional ETF purchases.
Trend Among Japanese Firms
Beat’s strategy mirrors that of Metaplanet, another Tokyo-listed company aggressively acquiring Bitcoin. Metaplanet currently holds over 5,500 BTC and aims to double that by year-end. This trend echoes U.S. firms like MicroStrategy, which have adopted Bitcoin as a core treasury asset.
