Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Core Insights - MBK has purchased over $2 million worth of Bitcoin and formed a partnership with FINX JCrypto, a domestic crypto exchange [1][2] - The acquisition of approximately 17.6 BTC was made to protect against yen depreciation and inflation, with plans to use Bitcoin for real estate settlement services [2][3] - The company aims to enhance its investment operations through further crypto adoption and leverage FINX JCrypto's expertise in real estate transactions [3] Company Actions - MBK acquired 300 million yen ($2,037,836) worth of Bitcoin using its balance sheet [1] - The board approved the purchase at a price of around 17 million yen ($115,529) per Bitcoin [2] - The firm plans to strengthen its investment operations and provide Bitcoin-powered property settlement services [3] Industry Trends - Japanese firms across various sectors are increasingly investing in Bitcoin, with notable examples including Marusho Hotta and other fashion and textiles companies [5] - FINX JCrypto holds a Japanese crypto exchange permit and operates a licensed real estate brokerage, indicating a growing integration of crypto in real estate transactions [4]