Weak Yen Spurs Japanese Companies to Add Bitcoin, XRP to Treasury Reserves

Japanese companies are increasingly adding Bitcoin and XRP to corporate treasury reserves as they respond to the yen’s weakness, according to an analysis.

CoinDesk reported on July 7 that SBI VC Trade, the crypto unit of Japanese financial group SBI Holdings Inc., said its registered accounts had topped 2 million. That was about double the 1 million recorded in 2025.

The total combines accounts at SBI VC Trade and BITPOINT. The two companies completed their merger in April and plan to complete brand integration by the end of the year.

SBI VC Trade said usage of its corporate service, SBIVC for Prime, is rising. The company said more businesses are diversifying reserves into assets other than cash as the yen loses value.

Demand from companies that provide Bitcoin or XRP as shareholder benefits has also contributed to the increase, CoinDesk reported.

Its stablecoin business is also expanding. SBI VC Trade listed USDC, a dollar-based stablecoin, in March 2025 as Japan’s first such listing. Last month, it added Ripple’s RLUSD and JPYSC, described as Japan’s first trust-based yen stablecoin, and launched a stablecoin-collateralized lending service.