Odaily Planet Daily News - On Thursday, listed company Beat Holdings Ltd. announced that it will increase its investment in Bitcoin-related ETFs, becoming the latest Tokyo-listed company to deepen its investment in digital assets amid renewed institutional interest in cryptocurrencies. The company is listed on the standard market of the Tokyo Stock Exchange and disclosed on Thursday that its board has approved raising the cap on crypto-related investments from $6.8 million to $34 million. The company has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT) at an average price of $49.49 per share. In a statement, the company noted that given IBIT's closing price of $58.66 on May 9, Beat's unrealized gains exceed $681,000. (Decrypt)

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