Japanese
firm
hops
on
Bitcoin
treasury
Daido
eyes
Â¥1
billion
Bitcoin
accumulation
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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.
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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.
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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.
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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.