Japanese firm hops on Bitcoin treasury Daido eyes Â¥1 billion Bitcoin accumulation Advertisement Despite the broad market weakness caused by the repeated price corrections seen across the crypto market, Simon Gerovich, the CEO of Metaplanet, is still confident about institutional long-term conviction in Bitcoin regardless of the current market conditions. On Saturday, Feb. 28, Gerovichdeclaredthat the “era of Bitcoin treasuries is quietly spreading,” following the buzzing news of a Japanese public company that is preparing to add Bitcoin to its balance sheet. Japanese firm hops on Bitcoin treasury The news not only stirred reactions from Gerovich, it also sparked optimism among Bitcoin holders as it revealed that Daido Limited, a 147-year-old publicly listed firm founded in 1879, has disclosed plans to purchase Bitcoin as part of its treasury strategy. HOT Stories Crypto Market Review: Bitcoin's $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day ThresholdXRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 — U.Today Crypto Digest With Daido Limited now joining the list of Bitcoin bandwagons, the move marks a major integration of Japan’s long-established corporations into the crypto space. Advertisement You Might Also Like Sat, 02/28/2026 - 04:52 Buying Bitcoin Before $54,420 May Be Premature, Bollinger Bands Warn ByGamza Khanzadaev While the move is bullish for Bitcoin, theMetaplanetCEO described it as part of a broader, accelerating trend involving the institutional adoption of Bitcoin. Over the past year, Japanese companies have shown rising interest in Bitcoin treasury models as publicly traded firms like Metaplanet itself hold Bitcoin as a major asset for reserve. Advertisement Daido eyes ¥1 billion Bitcoin accumulation Nonetheless, Daido further revealed that it is planning to acquire up to ¥1 billion worth of Bitcoin, positioning the asset as “digital gold” to hedge against inflation and potential depreciation of the Japanese yen. The firm’s decision was triggered by growing concern among corporations about macroeconomic pressures and long-term currency risk. While Daido Limited had previously made headlines in 2024 after announcing a 50-fold increase in dividends, its decision to venture intoBitcoinsuggests that digital assets are increasingly being viewed as a strategic reserve option, even among traditional firms with deep historical roots like Daido.