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).
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