77-Year-Old Kitabo Textiles Reports Accumulated Bitcoin Purchases of 57 Million Yen

2025/08/08 09:04 (Updated 2025/08/08 10:01)
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Written by L.Kikutani
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77-Year-Old Kitabo Textiles Reports Accumulated Bitcoin Purchases of 57 Million Yen

Daily Purchases of 2 Million Yen to Start on August 8

Kitabo Textiles (3409), listed on the Tokyo Stock Exchange Standard, announced on August 7 an update on its Bitcoin (BTC) purchasing activities. The company acquired a total of 3.32 BTC on July 24 and August 6, amounting to 57.19 million yen, with an average acquisition cost of 17,228,115 yen per BTC.

Starting August 8, the company will implement a policy of making regular purchases of Bitcoin worth 2 million yen every business day. This will be done within the total investment limit of 800 million yen, using the dollar-cost averaging method to continue acquisitions and to diversify price fluctuation risks.

Meanwhile, the conditions for halting purchases include a sudden price change of more than 30% within a week, significant...

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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
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