Criptor

An RSS reader for cryptocurrency news

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

Tokyo-Listed Japanese Fashion Retailer ANAP Buys $70 Million Bitcoin Citing Irreversible Global TrendThe Defiant1 min read
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

KEYWORDS
holdings purchasedretailer anaptreasury markingreservejapanese fashionassetcompanytreasurybitcoin treasurycriptorbitcoinjapanesefashionvisitreserve assetworth bitcoinretailerarticlefashion retailerpurchased worththe defiantanap holdings