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# japan
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🇯🇵 Japan’s 147-Year-Old Company Makes Bullish Statement About Bitcoin
Daido Limited, a 147-year-old publicly traded company in Japan, announced its decision to purchase Bitcoin. The company stated that it will purchase up to 1 billion Japanese yen (approximately $6.5 million) worth of Bitcoin.
The company stated that Bitcoin is considered a hedge against inflation and the depreciation of the Japanese yen. The statement described Bitcoin, with its limited supply, as “digital gold” and said its inclusion in the asset portfolio is part of a long-term value preservation strategy.
Daido Limited s
Daido Limited, a 147-year-old publicly traded company in Japan, announced its decision to purchase Bitcoin. The company stated that it will purchase up to 1 billion Japanese yen (approximately $6.5 million) worth of Bitcoin.
The company stated that Bitcoin is considered a hedge against inflation and the depreciation of the Japanese yen. The statement described Bitcoin, with its limited supply, as “digital gold” and said its inclusion in the asset portfolio is part of a long-term value preservation strategy.
Daido Limited s
BTC7,3%
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