CoinVoice has recently learned that Tokyo-listed company Beat Holdings announced an increase in 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) at an average purchase price of 49.49 USD per unit. As of May 9, the position has achieved an unrealized gain of over 681,000 USD. To support further investments, Beat Holdings has drawn 2.8 million USD from its revolving credit line, which is expected to generate approximately 150,000 USD in interest within the year.[Original link]