$BTC Tokyo listed company Beat Holdings makes a big move by increasing its investment in Bitcoin ETF, raising the investment ceiling to 34 million USD
Tokyo listed company Beat Holdings has made a significant move! They have raised the investment ceiling for Bitcoin-related investments from 6.8 million USD to 34 million USD. This is no joke; they have already 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 unrealized gains from their holdings have exceeded 681,000 USD.
To continue increasing their position, Beat Holdings also withdrew 2.8 million USD from its revolving credit line, expecting to generate about 150,000 USD in interest within the year.
This operation is truly eye-opening! It seems that Beat Holdings is very confident about the future of Bitcoin!