On May 12th, Tokyo-listed company Beat Holdings announced that it will raise the bitcoin-related investment cap from $6.80 million to $34 million. The company has purchased 131,230 shares of BlackRock's iShares Bitcoin.
Trust (IBIT), with an average buy price of $49.49 per unit. As of May 9, the float on the position exceeded $681,000. To support further investments, Beat Holdings withdrew $2.80 million from the revolving credit facility and expects to generate interest of approximately $150,000 during the year.
Tokyo-listed firm Beat Holdings raises bitcoin ETF investment cap to $34 million
2025-05-12 05:07:00
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