ANAP Invests in Bitcoin as Reserve Asset

Japanese fashion brand ANAP has made a strategic move by incorporating Bitcoin into its reserve assets. The company purchased approximately 16.6591 Bitcoins, worth roughly ¥200 million (equivalent to $1.4 million), according to news outlet PANews. This decision will see ANAP’s Bitcoin holdings managed by its subsidiary, ANAP Lightning Capital. They intend to conduct quarterly market value assessments of their Bitcoin portfolio, with any potential profits or losses reflected in their financial statements.