Deep Tide TechFlow News, on May 12, reported by Decrypt, Tokyo-listed company Beat Holdings announced that it will raise the investment cap related to Bitcoin from 6.8 million dollars to 34 million dollars.

The company has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT), with an average purchase price of 49.49 dollars per unit. As of May 9, the position has already gained over 681,000 dollars in floating profits. To support further investments, Beat Holdings has withdrawn 2.8 million dollars from its revolving credit facility, expected to generate approximately 150,000 dollars in interest within the year.