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Tokyo’s Beat Holdings Goes Full Degen—Plans 5x Bitcoin ETF Ramp-Up in $34M Capital Grab
Tokyo’s Beat Holdings Goes Full Degen—Plans 5x Bitcoin ETF Ramp-Up in $34M Capital Grab
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Another day, another traditional firm chasing crypto’s coattails. Beat Holdings—a Tokyo-listed firm that probably still faxes its trades—just announced plans to quintuple its Bitcoin ETF exposure.
The move comes with a $34 million capital raise, because nothing screams ’conviction’ like needing fresh investor cash to back your bullish bet. Will this trigger a domino effect among Japan’s risk-averse institutional crowd? Unlikely—but it’s another brick in Bitcoin’s wall of legitimacy.
Bonus jab: Nothing hedges against yen weakness like an unregulated asset that swings 20% before lunch.
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