Quantum Solutions, a developer of artificial intelligence solutions and listed on the Tokyo Stock Exchange’s Standard Market, announced today that it aims to purchase a maximum of 3,000 Bitcoins within the next 12 months. This move marks the company’s official entry into the cryptocurrency investment business.
Japanese Stock Exchange-Listed Quantum Solutions Enters Crypto Sector with ¥500 Billion Bitcoin Investment
Quantum Solutions stated that the investment decision was driven by factors such as the growing global acceptance of Bitcoin as digital gold, the growth of the cryptocurrency market, and the increased interest of institutional investors during times of economic uncertainty.
In addition, the depreciation of the Japanese yen and the increase in global financial risks also influenced the company to take this step to protect against foreign exchange risk and inflation.
The company also cited other pioneering firms in Japan that have incorporated Bitcoin into their balance sheets. For example, Metaplanet is currently the country’s largest institutional Bitcoin investor with 16,352 BTC. Remixpoint’s 1,051 BTC holdings and ANAP Holdings and Mac House’s 1,000 BTC targets are also noteworthy.
Quantum Solutions’ 3,000 BTC target surpasses the majority of existing investors. If achieved, the company would become the second-largest Bitcoin holding among publicly traded companies in Japan.
This step is seen as a new indicator of increasing institutional interest in Bitcoin from Japanese companies.