Tokyo-Listed Japanese Fashion Retailer ANAP Buys $70 Million Bitcoin Citing Irreversible Global Trend

Japanese fashion retailer ANAP Holdings has purchased $70 million worth of Bitcoin for its treasury, marking a notable move by a public company in Japan to adopt cryptocurrency as a reserve asset. The Tokyo-listed company highlighted the irreversible global trend of Bitcoin becoming a reserve asset as a key reason for the acquisition. This investment reflects a growing acceptance of Bitcoin in corporate treasury management. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant