According to reports, the Japanese listed company Beat Holdings has increased its Bitcoin-related investment limit from 6.8 million USD to 34 million USD. The company has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT), with an average purchase price of 49.49 USD per unit. As of May 9, the position has an unrealized profit exceeding 681,000 USD. To support further investments, Beat Holdings has drawn 2.8 million USD from its revolving credit line, expecting to generate approximately 150,000 USD in interest within the year.
Beat Holdings Raises Bitcoin Investment Limit to 34 Million USD
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