Tokyo-listed Beat Holdings Limited saw its stock surge by 15.64% closing at ¥1,109, up ¥150 from the previous session on May 12. This rally came ahead of the company’s anticipated earnings report, which is scheduled between May 12 and May 17.
The significant increase in trading activity saw volume hit 39,666 shares, far surpassing the average daily volume of 23,246. This surge in buying interest pushed the stock to its intraday high of ¥1,109, maintaining that level throughout the day. The stock opened strong at ¥1,109, marking a notable jump from its previous close of ¥959.
This positive momentum follows Beat Holdings’ recent announcement that it has raised its Bitcoin and crypto ETF allocation cap from ¥1 billion to ¥5 billion. The company confirmed that its board approved the decision to allow for “continued investment in cryptocurrencies and related ETFs,” expanding on the initial strategy it outlined back in February.
As part of this commitment, Beat Holdings revealed that it has already invested approximately ¥1 billion (about $6.8 million) in iShares Bitcoin Trust shares. The company cited favorable macroeconomic trends and growing institutional interest in Bitcoin as key factors behind its decision to increase its investment cap. With this move, Beat Holdings aims to further expand its presence in the digital asset space, positioning itself to take advantage of the market’s growth.
“Extra liquidity can spill over into global financial markets, supporting risk assets, including Bitcoin, especially since Bitcoin and related ETFs have increasingly become a hedge against inflation and currency debasement,”
said Beat Holdings.
To support these expanded investments, the company has drawn ¥400 million (approximately $2.8 million) from its revolving credit facility, enabling it to continue its aggressive strategy in the cryptocurrency market.
This aligns with the broader trend of institutional investors deepening their commitment to digital assets, as evidenced by Metaplanet’s ongoing accumulation strategy. The firm recently announced the purchase of an additional 555 BTC, signaling its continued confidence in the long-term value of cryptocurrencies amid growing institutional interest.
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