Japanese AI firm Quantum Solutions is set to begin investing in bitcoin (BTC) through its Hong Kong-based subsidiary, GPT Pals Studio, the company announced in a press release.
The decision, approved at a board meeting on July 23, includes an initial plan to purchase up to $10 million in BTC using borrowed funds. The firm aims to build a treasury of up to 3,000 BTC, currently valued at approximately $354 million, over the next 12 months.
The company cited the depreciation of fiat currencies like the yen and growing global financial uncertainty as primary drivers for this move. Until now, neither GPT nor any of its subsidiaries had included digital assets in their balance sheets.
“To efficiently manage surplus funds generated from existing businesses, diversify our asset portfolio to strengthen our financial base, preserve value over the medium to long term, and mitigate foreign exchange risks, we have decided to add bitcoin to our reserve assets,” the company stated.
This new line of business will operate under a phased investment policy and a dedicated account at a crypto exchange.
Bitcoin treasuries have been increasing in Japan as the country’s bond yields continue to rise. Metaplanet, Japan’s largest bitcoin treasury firm, currently holds 16,352 BTC on its balance sheet, and the number of companies in the country holding the cryptocurrency has been rapidly increasing.
These now include NEXON, Remixpoint, Convene, SBC Medical Group Holdings, Anap Holdings, and others. These companies collectively hold 19,623 BTC.
The figure remains small compared to the total amount held by the world’s largest corporate bitcoin treasury firm, which owns 607,770 BTC on its balance sheet.
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