Tokyo Firm's Bitcoin Holdings Hit 18,888 BTC Amid Low NAV Multiple
A Tokyo-listed company has expanded its Bitcoin holdings to **18,888 BTC**, currently valued at $1.95 billion. Despite maintaining a robust balance sheet, the firm's Net Asset Value (NAV) multiple has reached historically low levels.
Key points:
- Current BTC holdings: 18,888 BTC
- Market value: $1.95 billion
- Status: Listed on Tokyo exchange
- Notable: Strong balance sheet fundamentals
- Concern: Record low NAV multiple
This development highlights the growing institutional adoption of Bitcoin in Asian markets, though market valuation appears disconnected from underlying assets.