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Beat Holdings Ltd. Expands Bitcoin ETF Investment
Beat Holdings Ltd., listed on the Tokyo Stock Exchange, is significantly increasing its investment in Bitcoin-related ETFs. The board raised its crypto investment cap from $6.8 million to $34 million. The company already holds 131,230 shares of BlackRock’s iShares Bitcoin Trust (IBIT), purchased at an average of $49.49 per share. With IBIT closing at $58.66 on May 9, the firm now has over $681,000 in unrealized gains. This move reflects growing institutional confidence in crypto assets.