Lib Work Co.,Ltd (TYO:1431) will acquire and hold Bitcoin over the long term to diversify assets and hedge against inflation, according to a Thursday filing on the Tokyo Stock Exchange.
The company will also accept Bitcoin payments for its NFT-linked 3D-printed houses and use potential gains to fund acquisitions and overseas expansion.
Lib Work said the move will have no immediate impact on earnings, with Bitcoin holdings to be marked to fair value quarterly.
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