Japanese medical company SBC Medical plans to purchase 6.7 million dollars worth of Bitcoin
ChainCatcher News, the Japanese SBC Medical Group Holdings Incorporated announced plans to purchase 1 billion yen (6.7 million USD) worth of Bitcoin as part of a long-term strategy aimed at achieving asset diversification and inflation hedging.
The company believes that investing in Bitcoin aligns with its goal of establishing a robust financial foundation and adapting to changing macroeconomic conditions. SBC Medical's holding company in the United States will execute the acquisition through Coinbase. The company stated that it carefully considered accounting, tax, and cybersecurity factors before making the decision, and described Bitcoin as a value storage medium with long-term appreciation potential due to its fixed supply and increasing adoption rate.