Category Japan

The amount is quite modest, but comes amid a growing trend in Japan of adopting BTC as a corporate treasury asset.

The yield on 30-year Japanese government bonds has surged to its highest level since 2004, raising concerns among investors.

Company adds 319 BTC, bringing total holdings to 4,525 as part of aggressive treasury expansion backed by capital market activity.

Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.

Cryptocurrencies are currently categorized as a "means of settlement" under the Payment Services Act, a designation that has governed their use pri...