Japanese Firm Daido Ltd. to Invest Up to $10 Million in Bitcoin for Inflation Hedge

Tokyo, Japan – Daido Ltd. (3205.T), a veteran Japanese apparel and retail company, announced on February 27th its board of directors has approved a plan to purchase Bitcoin (BTC), with a maximum investment capped at 1 billion Japanese Yen (approximately $6.4 million USD or ¥43.95 million RMB).

The company intends to leverage Bitcoin as a "digital gold" asset to mitigate risks associated with inflation and the depreciation of the Japanese Yen. Furthermore, Daido Ltd. stated that incorporating Bitcoin into its portfolio aims to achieve diversification and enhance capital efficiency. Daido Ltd. is listed on the Tokyo Stock Exchange Standard and Nagoya Premium markets.

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