The Japanese fashion retail brand ANAP continues to grow its Bitcoin assets with a recent purchase. The latest acquisition of 27.5 BTC brings its total holdings to 153.4 BTC.
Recent Purchase by ANAP
ANAP has made a purchase of 27.5 BTC worth approximately $2.9 million, increasing its total holdings to 153.462 BTC, valued at around $16.4 million based on current market prices. This occurred amidst a slight decline in Bitcoin's value, which dropped 1.7% over the past 24 hours.
Company Strategy and Goals
On June 9, ANAP announced its ambitious target of holding over 1,000 BTC by August 2025. This strategy combines market purchases with a capital contribution of 584.9135 BTC. With current holdings considered, the company needs to acquire another 261.63 BTC, worth $28.1 million, before the deadline.
Overall Trend of Institutional BTC Investments in Japan
ANAP joins other Japanese companies like Metaplanet and Remixpoint, actively investing in Bitcoin. Metaplanet announced a target of acquiring 210,000 BTC by 2027, while Remixpoint approved a $7 million purchase, raising its total BTC investments to $84 million.
Institutional investments in Bitcoin continue to grow among Japanese companies, highlighting an increasing interest in cryptocurrencies within the country.
