Beat Holdings Boosts Bitcoin and ETF Investment Ceiling to $34 Million
beat Holdings, a tokyo-listed financial firm, has significantly increased its Bitcoin and crypto ETF investment limit. The company raised the cap from ¥1 billion to ¥5 billion, or about $34 million. This move aims to allow continuous investment in cryptocurrencies and related ETFs.
Beat Holdings has already invested around ¥1 billion in the iShares Bitcoin Trust. The company believes that current macroeconomic trends and growing institutional interest in Bitcoin justify the higher investment ceiling. Bitcoin and its etfs are seen as a hedge against inflation and currency devaluation.
To support these expanded investments, Beat Holdings has accessed $2.8 million from its credit facility. The firm, founded in 1999, operates in various countries but focuses mainly on the Chinese market. It sees the long-term growth potential of Bitcoin and Ethereum as key drivers.
Beat Holdings is also exploring blockchain-based digital assets like NFTs and altcoins.The company may create its own tokens and consider acquiring or establishing cryptocurrency exchanges.
For more details, visit the Beat Holdings website.
