You Won’t Believe How This Japanese Company Is Turning It Around: Bitcoin?!

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So, the manufacturing company Kitabo has decided that, hey, why not jump on the Bitcoin bandwagon, right? You’ve got financial losses piling up like laundry, and here’s their brilliant plan—let’s just adopt the treasury model! Why not? 😏

They’ve officially joined the club of Japanese companies trying to convince themselves that Bitcoin is the answer to their fiscal woes. I mean, who wouldn’t want to throw their hard-earned cash into the wild west of cryptocurrency? Sounds comforting! 😂

Oh, Changing Strategies Again?

Kitabo Co., Ltd, that’s right, the folks who make all that fancy synthetic fiber spun yarn, have announced that they’ll be investing ¥800 million ($5.4 million) into Bitcoin via dollar-cost averaging. They’re hoping this might just stop the bleeding after losing ¥115.6 million ($785,000) last fiscal year. Sure, let’s buy some digital currency while we’re at it! What could possibly go wrong? 🙄

They said, “This marks the company’s full-scale entry into the cryptocurrency and real-world asset business.” Like, wow, that’s a serious leap from yarn, huh? 🎩

Now, they’re just one big happy family with other Asian companies who decided Bitcoin is a hedge against currency devaluation. Because nothing says security like betting on a volatile asset. 👍

They’re also planning to lend out some of their Bitcoin to make a yield. Lending crypto? What a great idea! Just imagine the thrill of watching your digital coins go out for a joy ride. It’s like sending your kid off with the neighbors—what could go wrong? 😅

Not Their First Tango with Folly

Kitabo isn’t the first one in Japan to think, “Hey, let’s try Bitcoin!” Oh no, there are others with even grander escapades. Look at Metaplanet, who ditched the hotel business for Bitcoin riches! They’ve got 16,352 BTC, which is like having a fortune in digital Monopoly money! 🤡

And let’s not forget video game giant Nexon, who said, “Sure, we’ll take Bitcoin as a form of payment.” Because why wouldn’t you want to buy a video game with a currency that’s worth a different price every hour? Let’s get on that roller coaster! 🎢

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2025-07-24 01:27