Japanese publicly traded company KLab plans to invest approximately $24 million to purchase Bitcoin and gold at a 6:4 ratio.

This article is machine translated
Show original

According to Techub News, CoinPost reports that Japanese listed company KLab has announced a "dual gold financial strategy," planning to invest 3.6 billion yen (approximately US$24 million) from its approximately 5.1 billion yen in financing, purchasing Bitcoin and gold at a 6:4 ratio. As of December 25, the company had added 3.17 Bitcoins, bringing its total holdings to approximately 4.368 Bitcoins. In addition, the company also purchased a pure gold exchange-traded fund (ETF) at a price of 21,514 yen per share.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments