Kitabo allocate $5.4M to Bitcoin Treasury Strategy
Japanese textile company Kitabo Co., Ltd don start Bitcoin treasury plan by put yan 800 million yen (US$5.4 million) for BTC thru dollar-cost averaging. Dem wan use am to stabilize money after dem lose yan 115.6 million yen for fiscal 2024, protect against yen devaluation, and make treasury reserves different. Dem finance am with their Fourth Series of Stock Acquisition Rights. Kitabo plan to use Bitcoin for cross-border partnerships, overseas services and to make profit by lending the holdings on crypto platforms. This one follow Wetaplanet and Nexon dem similar moves. Kitabo Bitcoin treasury plan show say more company for Japan dey use Bitcoin well well. Traders suppose watch make demand for Bitcoin no rise sharply and check if price go stand steady, because e fit affect short-term trade and long-term value.
Bullish
Kitabo decision to put $5.4 million for Bitcoin treasury strategy mean institutional demand don increase, e fit push price up. For short term, steady dollar-cost averaging method dey smooth market impact and boost constant buying, fit support Bitcoin price floor. For long term, wider company adoption—like Metaplanet and Nexon—go make Bitcoin better as hedge and reserve asset, attract more institutional investors. This growing acceptance dey reduce volatility and dey promote price stability, make bullish outlook for BTC strong.