Japanese giant Remixtpoint spends $3.2 million on Bitcoin amid yen depreciation!
As the yen continues to depreciate, Japanese energy and automotive company Remixpoint has decided to invest $3.2 million (about 500 million yen) in Bitcoin, further expanding its cryptocurrency holdings to 215.76 BTC! The real motivation behind this investment is to hedge against yen depreciation while further diversifying assets.
Against the backdrop of increasing global economic uncertainty, more companies are beginning to recognize the value of Bitcoin as "digital gold" and use it as a tool to combat inflation and currency depreciation. Remixpoint's move is undoubtedly a microcosm of this trend - when the yen depreciates, institutions choose Bitcoin as a safe haven!
Is this a strong signal of Japanese companies' confidence in the crypto market, or a prelude to a massive capital influx?
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