TLDR
- MBK has purchased $2 million worth of Bitcoin to protect its assets against inflation and the depreciating yen.
- The company acquired 17.6 BTC at a price of approximately $115,529 per Bitcoin.
- MBK’s board of directors approved the Bitcoin purchase, which was made using the company’s balance sheet.
- MBK has partnered with FINX JCrypto to integrate Bitcoin into its real estate settlement services.
- The collaboration with FINX JCrypto aims to enhance the reliability and safety of Bitcoin-powered property transactions.
MBK, a primary Japanese loans provider, has confirmed its acquisition of Bitcoin worth $2 million. The company also announced a partnership with domestic crypto exchange FINX JCrypto. This move marks MBK’s growing interest in cryptocurrency as a hedge against inflation and the depreciation of the yen.
MBK Purchases Bitcoin for $2 Million
MBK has purchased 300 million yen ($2,037,836) worth of Bitcoin. The company acquired 17.6 BTC at a price of around 17 million yen ($115,529) per Bitcoin. The board of directors approved the purchase, which was made using the company’s balance sheet.
MBK stated that it was investing in Bitcoin to protect its assets from inflation and the weakening yen. The company emphasized that Bitcoin would not only be used for investment purposes. It also plans to incorporate cryptocurrency in its own real estate settlement services.
“Bitcoin provides a secure and reliable means of protection against economic instability,” said an MBK spokesperson. The company hopes that Bitcoin will help it maintain financial stability during uncertain times.
MBK Partners with FINX JCrypto for Real Estate Settlements
MBK’s new partnership with FINX JCrypto aims to enhance Bitcoin-powered real estate transactions. FINX JCrypto operates a licensed crypto exchange and is an expert in crypto-powered settlement services. The partnership will enhance MBK’s offerings in real estate by incorporating Bitcoin as a settlement method.
Through this deal, MBK will utilize FINX JCrypto’s experience to enhance the reliability and safety of its services. The companies aim to streamline property transactions using Bitcoin. This collaboration reflects the growing trend of Japanese firms incorporating Bitcoin into their business models.
The use of Bitcoin in real estate transactions will bring greater flexibility and efficiency. MBK aims to enhance its presence in the cryptocurrency market while expanding its real estate settlement services. With Japan’s increasing acceptance of Bitcoin, this partnership positions MBK as a leader in cryptocurrency-driven real estate solutions.
Japanese companies across various sectors continue to adopt Bitcoin as a strategic investment. Recently, kimono maker Marusho Hotta signed a deal with US crypto custody firm Bakkt. Similarly, companies like Kitabo and ANAP have also added Bitcoin to their balance sheets.
