Among Japanese listed companies, 31 hold cryptocurrency assets with the aim of avoiding the depreciation of the yen

ChainCatcher news, according to Nikkei, the number of Japanese listed companies holding crypto assets is continuing to rise. As of May 2024, the latest statistics show that 31 companies have entered the crypto asset field, doubling from 16 companies three years ago. Among them, companies primarily engaged in digital services and game development are particularly noteworthy.

One of the reasons these companies hold crypto assets is their perceived value as an investment, and secondly, to avoid asset depreciation caused by the yen's devaluation. On the other hand, some companies have adjusted their strategies after purchasing virtual currencies, hoping to create synergies with their business.

However, Japanese commercial companies still face two major obstacles in holding virtual currencies. The first is security issues. The virtual currencies processed on the blockchain are difficult to manage, and the other obstacle is accounting and auditing issues.