The Japanese AI firm Quantum Solutions is ready to start investing in Bitcoin (BTC) through its Hong Kong -based subsidiary, GPT Pulse Studios, the company said. Press release,
The approved decision at a board meeting on July 23 initially includes a plan to purchase up to $ 10 million in BTC, using funds. The firm aims to create a treasure up to 3,000 BTC, which is currently about $ 354 million in the next 12 months.
The company cited depreciation of fiat currencies like Yen and increased global financial uncertainty as major drivers behind the move. So far, neither GPT nor any of its assistants had included digital assets in their balance sheet.
The company wrote, “To manage the surplus funds arising out of existing businesses, to strengthen our financial base, preserve medium to prolonged price and reduce foreign exchange risks to diversify our asset portfolio, we have decided to add bitcoin to our reserved property,” the company has written.
This new line of business will be ruled by a phased investment policy and a dedicated account in Crypto Exchange Hashki.
Bitcoin treasury is growing in Japan as the yield of the country’s bonds continues to grow. Japan’s largest bitcoin treasury firm Metaplanet is currently 16,352 BTC on its balance sheet, and the number of companies in the country having cryptocurrency is increasing.
These include Nexon, RemixPoint, Bulling, SBC Medical Group Holdings, ANAP holdings and others, Bitcoiniancaries data. These companies keep 19,623 BTC in total.
The figure is still smaller than the total amount conducted by the world’s largest corporate bitcoin Treasury firm, strategy, which holds 607,770 BTC on its balance sheet.
