Bitcoin Japan buys first 11.92 BTC, closes 15 department store counters with ¥210M loss
- —Bought 11.9188 BTC at an average $83,857, totaling about $999,000 (¥157M)
- —Closing 15 counters: 6 kimono and 9 womenswear, 14 by end-October
- —Expected loss of ~¥210M: ¥185M inventory writedown, up to ¥25M closure costs
- —Bitcoin investment cap set at ¥662M from ¥1.5B convertible bonds
Why it matters: Another listed Japanese firm is shifting capital from legacy retail into a bitcoin treasury, reinforcing the corporate BTC accumulation trend.
Source: 動區 BlockTempo