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Japanese established publicly listed company "Daito Co., Ltd." has decided to allocate up to 1 billion yen to purchase Bitcoin to hedge against inflation.

2026-02-28 04:22:30

BTC1.98%

PANews February 28th reported that Daido Limited (3205) announced that the company's board of directors decided on February 27th to purchase BTC with a maximum amount of 1 billion yen (approximately $6.4 million, about 43.95 million RMB); they stated that Bitcoin will be used as "digital gold" to hedge against inflation and yen depreciation risks, and to diversify and improve capital efficiency through inclusion in the asset portfolio.
Note: Daido Limited (DAIDOH LIMITED, commonly translated as "Datong Limited" in Chinese) is a well-established Japanese apparel/retail listed company (TSE Standard, NSE Premium, code 3205).

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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