Summary
- The Japanese listed company Lib Work has announced a plan to accumulate Bitcoin.
- Lib Work stated it will purchase 500 million yen (approximately $3.4 million) worth of Bitcoin this year.
- This measure is said to be aimed at hedging inflation risks and expanding overseas growth opportunities.
Lib Work, a Japanese listed real estate company, has decided to join in accumulating Bitcoin (BTC).
According to NL Nico, a media outlet specializing in virtual assets (cryptocurrencies), on the 18th (local time), Lib Work announced via a press release, "We plan to purchase Bitcoin worth 500 million yen (approximately $3.4 million) this year."
It also explained, "This is an effort to hedge against inflation risks and expand overseas growth opportunities."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
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