Beat Holdings (TYO:9399) reported a valuation gain of $2.8 million on its holdings in the iShares Bitcoin Trust (IBIT) as of July 31, lifting the market value of its 215,330 units to $14.3 million, according to a Monday filing on the Tokyo Stock Exchange.
The investment, acquired at a total purchase price of $11.5 million, will be marked to market quarterly, with gains or losses recorded under other comprehensive income.
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